Camoens Investments S. á r. l entered into agreement to acquire 25% stake in SONAE MC, SGPS, S.A. from Sonae, SGPS, S.A. (ENXTLS:SON) for approximately €590 million on July 31, 2021. In addition to the cash proceeds, the consideration includes a contingent deferred cash payment of up to €63 million to Sonae SGPS. The transaction is not subject to any conditions precedent and completion of the transaction is expected to occur in August of 2021. The transaction is not expected to generate any capital gains or losses for Sonae SGPS. Sonae SGPS was advised by Goldman Sachs International as exclusive financial adviser and the law firm Morais Leitão, Galvão Teles, Soares Da Silva & Associados - Sociedade De Advogados and Deloitte Corporate Finance, S.A.. CVC, parent of Camoens Investments was advised by J.P.Morgan as financial advisor, Mariana Norton, Javier Martí-Fluxá, João von Funcke, Miguel Lencastre Monteiro, Pedro Marques Bom, Pedro Vidal Matos, Rebeca Rodríguez Martínez, Manuel Requicha Ferreira, Margarida Leal Oliveira and Sandra Lima de Silveira of Cuatrecasas, Gonçalves Pereira, S.L.P. and Freshfields Bruckhaus Deringer as legal advisor and PwC as accountant and McKinsey & Company. Camoens Investments S. á r. l completed the acquisition of 25% stake in SONAE MC, SGPS, S.A. from Sonae, SGPS, S.A. (ENXTLS:SON) on August 18, 2021.