SC, SGPS, SA (ENXTLS:SONC) entered into a sale and purchase agreement to acquire About, SGPS, S.A. for €8.6 million on November 17, 2017. The purchase price comprises €8.6 million for the share capital of ABOUT, SGPS, SA which is subject to review taking into account the value of the external debt at the date of the transaction and a variable and a deferred earn-out, within a one year period, relating to the implementation of ABOUT, SGPS, SA’s Fitness Clubs network´s expansion plan. The transaction is subject to prior notification to the Portuguese Competition Authority (AdC) and a non-opposition decision from AdC and the fulfillment of certain other conditions precedent. SC, SGPS, SA (ENXTLS:SONC) completed the acquisition of About, SGPS, S.A. on January 12, 2018. The Portuguese Competition Authority granted non-opposition decision for the transaction and certain other conditions precedent were also fulfilled.