Transmissora Aliança de Energia Elétrica S.A. (BOVESPA:TAEE11) agreed to acquire four operating transmission assets in Brazil from Empresa Produtora de Energia Ltda., and Fundo de Investimento em Participações Multiestratégia Milão managed by Reag Administradora de Recursos LTDA for approximately BRL 940 million on December 17, 2018. Under the terms of the transaction, Transmissora Aliança de Energia Elétrica will acquire 100 % stake in São João Transmissora de Energia S.A., and São Pedro Transmissora de Energia S.A., and 51% stake in Triangulo Mineiro Transmissora de Energia S.A., and Vale do São Bartolomeu Transmissora de Energia S.A. The deal consideration is subject to monetary restatement by the variation of the Interbank Deposit Certificate rate from the December 31, 2018 until the closing date, and to positive or negative adjustments resulting from the variation between the net debt and the working capital between the base date and the closing date, as well as other adjustments after the closing. The transaction is subject to certain precedent conditions including regulatory authorizations of ANEEL and CADE, the non-exercise of the preemptive right by Furnas Centrais Elétricas S.A., in relation to shares issued by TMT and the non-exercise of the preemptive right by Furnas and CELG Geração e Transmissão S.A., in relation to shares issued by VSB, approval at the TAESA's general meeting, pursuant to article 256 of the Brazilian Corporation Law, confirmation of fulfillment of the obligations set forth in the Leniency Agreement signed by J&F and the Sellers, including the commitment that no indemnifying or sanctioning measures be proposed against the purchase and non-occurrence of material adverse effect. The Extraordinary General Meeting of TAESA shareholders will be held on December 19, 2018. As reported on February 14, 2020, Transmissora Aliança de Energia Elétrica has concluded the acquisition of São João Transmissora de Energia S.A., and São Pedro Transmissora de Energia S.A. and consummation of Triangulo Mineiro Transmissora de Energia S.A., and Vale do São Bartolomeu Transmissora de Energia S.A. is still subject to compliance with the respective suspensive conditions. As announced on January 3, 2019, the transaction has been approved by the TAESA shareholders. As of January 14, 2019, the transaction had been approved by General Superintendence of the Brazilian Antitrust Authority (CADE), without any restrictions. Caixa Econômica Federal ("Caixa"), on March 13, 2019, approved the preliminary application for approval requested by the Company for the acquisition of 100% of the shares representing the total and voting capital of São João Transmissora de Energia S.A. and São Pedro Energia Transmissora de Energia S.A. In addition, the approval for the transfer of 51% of the shares representing the total and voting capital of Triangulo Mineiro Transmissora de Energia S.A. and Vale do São Bartolomeu Transmissora de Energia S.A., was yet to be opportunely requested to Caixa. As on May 28, 2019. Brazilian Electricity Regulatory Agency (ANEEL) approved the prior consent requested by the Company to acquire 51% of the shares representing the total and voting capital of Triângulo Mineiro Transmissora de Energia S.A. and of Vale do São Bartolomeu Transmissora de Energia S.A.