A fund managed by BW Gestao de Investimentos Ltda. entered into an agreement to acquire an additional 10% stake in Verallia Société Anonyme (ENXTPA:VRLA) from Horizon Investment Holdings S.À R.L. for approximately €350 million on December 14, 2020. Under the terms, Horizon Investment agreed to sell 12.32 million shares of Verallia. The total consideration is payable upon completion. On the completion date, Claudia Scarico, representative of Horizon Investment at the Board of Directors of Verallia, will resign from her duties. Horizon Investment undertook to support the appointment of a new member of the Board of Directors, proposed by BW Gestao de Investimentos. Completion of this transaction will occur within 5 business days as from the date of signing.