João Pereira Coutinho made an offer to acquire 11.14% stake in SAG GEST - Soluções Automóvel Globais, SGPS, S.A. (ENXTLS:SVA) for €1 million on April 30, 2019. Under the terms, Coutinho will offer €0.0165 per share. As of June 12, 2019, João Pereira Coutinho made an offer to acquire 19.92% stake for €2.1 million. Under the new terms, João Pereira Coutinho will pay €0.0165 per share. Currently, 88.86% of the voting rights currently exercisable in SAG GEST are attributable to João Pereira Coutinho. As of June 12, 2019, SAG GEST will sell its 16.77 million own shares. João Pereira Coutinho shall acquire additional 65,543 shares of SAG GEST, amounting to 0.0386%. Coutinho will look to de-list SAG GEST. At the time of the preliminary announcement, João Pereira Coutinho directly held 3,915 shares representing 0.0023% of the total share capital of SAG GEST. At the time of the preliminary announcement, João Pereira Coutinho was entitled to acquire 135.95 million shares which represent 80.0824% of the share capital of SAG GEST. Squeeze out procedure will be launched, if needed, covering all shares not currently owned by IAMC - Investment and Assets Management Consulting, Lda. In a related transaction, SAG GEST agreed to sell its subsidiary SIVA to Porsche Holding Gesellschaft m.b.H for €1 on April 30, 2019. As of June 12, 2019, the offer will run from June 14, 2019 to June 28, 2019. The results of the offer will be published in Euronext Lisbon on July 1, 2019. The effectiveness of the offer will be subject, until the end of the period of the takeover bid, to the acquisition by Pereira Coutinho of a number of shares, in addition to the shares attributed to it, representing at least 90% of the voting rights plus one voting right in SAG and 90% of the total shares representing its share capital. Millenium and CaixaBi Banco de Investimento acted as financial advisors in the transaction.