Mineração Buritirama S.A. entered into agreement to acquire 19.8% stake in Paranapanema S.A. (BOVESPA:PMAM3) from Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil on April 15, 2019. Buritirama S.A. will acquire approximately 130.12 million shares and will own 29% in Paranapanema post completion. The deal is subject to fulfillment of certain conditions such as approval of the antitrust regulator. Mineração Buritirama S.A. completed the acquisition of 19.8% stake in Paranapanema S.A. (BOVESPA:PMAM3) from Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil on May 27, 2019. Under the terms, Buritirama acquired 8.06 million shares from Previ, reflecting 19.8% stake in the Paranapanema, post the reverse stock split in Paranapanema. Buritirama owns 29% in Paranapanema as a result of the acquisition. The transaction was approved by CADE (Administrative Council for Economic Defense).