Jalles Machado S/A (BOVESPA:JALL3) entered into an agreement to acquire Santa Vitoria Acucar e Alcool Ltda. from Geribá Investimentos Ltda. for an enterprise value of BRL 370.06 million on May 4, 2022. Jalles Machado SA will pay BRL 0.704860 million as total deal amount in cash and earnout on performance of the 2022/23. In a related transaction, Jalles Machado S/A (BOVESPA:JALL3) entered into an agreement to acquire ERB MG Energias S.A. from Geribá Investimentos Ltda. for an enterprise value of BRL 334.80 million. The deal is subject to antitrust body Cade, and Jalles shareholders approval.

Jalles Machado S/A (BOVESPA:JALL3) completed the acquisition of Santa Vitoria Acucar e Alcool Ltda. from Geribá Investimentos Ltda. in March 2023.