Information to the Market - Regulatory approval of the partnership restructuring with MAPFRE
In addition to the Material Fact released on June 26th, 2018 (“Material Fact”), BB Seguridade hereby announces that the last regulatory approval necessary for the closing of the partnership restructuring between BB Seguros Participações S.A. and MAPFRE Brasil Participações S.A. (“Closing”) was obtained today.
According to the Partnership Restructuring Agreement (“Agreement”), the Closing will be held on November 30th, 2018, the last business day of the month, when all the corporate reorganization acts described in the Material Fact will take effect.
With the Closing of the deal, it is estimated a capital release amounting to R$2.1 billion, to be confirmed on November 30th, 2018, which may be distributed to the shareholders, depending on the Board of Directors approval.
Brasilia (DF), November 6th
Werner Romera Süffert