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10/11/2018

Acquisition of ConsultBrasil

We announce, in compliance with CVM Instruction 358, the indirect acquisition of all quotas of ConsultBrasil Tecnologia e Negócios EIRELI and CBR Sistemas de Informação Ltda. (together, “ConsultBrasil“), by a Quotas Purchase and Sale Agreement (“Agreement“) signed today.

ConsultBrasil is a software provider for the banks, non-bank financial institutions, brokers and dealers segments, with solutions for messaging, SPB1, CCS2 and Bacen Jud3, among others, and presented gross revenues of R$ 4.9 million in the last 12 months ended September 30, 2018.

The acquisition price is R$ 6.8 million, including assumption of debts, according to the conditions and terms described in the Contract.

The execution of the Agreement was approved by the Company’s Board of Directors, in accordance with Article 17, paragraphs “y” and “bb” of the Bylaws, and the hypotheses covered by Article 256 of Law 6,404/76 were not verified.

 

1SPB: Software for integration of the financial institution with the Brazilian Payment System.
2CCS: Software for integration of the financial institution with the National Financial System’s Customer Registry.
3Bacen Jud: Software for integration of the financial institution with the Judiciary.

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