Companhia Brasileira de Soluções de Marketing S.A. entered into memorandum of understanding to acquire 21.48% stake in Netpoints Fidelidade S.A. from Marisa Lojas S.A. (BOVESPA:AMAR3) and Smiles Fidelidade S.A. (BOVESPA:SMLS3) on October 31, 2018. The conclusion of the transaction is subject to approval by the Brazilian Antitrust Authority. As of February 5, 2019, Companhia received regulatory approval and completed due diligence.

The transaction has also been approved by antitrust authorities in Brazil with no restrictions. Sérgio Ramos Yoshino, Marcia Lamarão Rosa e Silva and Lucas Manzoli de Almeida of Pinheiro Guimarães - Advogados acted as legal advisors to Companhia Brasileira de Soluções de Marketing. Marcio Carpena e Cesar Verch of Carpena Advogados acted as legal advisor to Marisa Lojas and Smiles Fidelidade.