An undisclosed buyer acquired 6.7% stake in São Martinho S.A. (BOVESPA:SMTO3) from Petrobras Biocombustível S.A. for approximately BRL 440 million in February 2018. Under the transaction, Petrobras Biocombustível S.A. sold its 24 million shares in São Martinho S.A. for BRL 18.51 per share. As a result of the sale, Petrobras Biocombustível S.A. has sold off its stake in the capital of São Martinho S.A. An undisclosed buyer completed the acquisition of 6.7% stake in São Martinho S.A. (BOVESPA:SMTO3) from Petrobras Biocombustível S.A. in February 2018.