AJC Holding Intermediações e Participações S.A. concluded an agreement to acquire 27.4% stake in Azevedo & Travassos S.A. (BOVESPA:AZEV4) from Helber S/A Participações e Administração together with a group of shareholders for BRL 43.2 million on July 2, 2018. AJC Holding will acquire 2.2 million common shares and 5.2 million preferred shares of Azevedo. Under the terms of the agreement, Azevedo will issue BRL 15 million in debentures that will be purchased by AJC. The funds will be used to reinforce working capital and to enlarge the indebtedness profile. The conclusion of the sale is subject to subscription of the debentures by AJC.