Sequoia Logística e Transportes S.A. (BOVESPA:SEQL3) agree to acquire Frenet on March 18, 2021. In 2020, Frenet recorded gross sales of BRL 4.3 million. This acquisition will allow the company to expand its capacity to serve e-commerce, mainly in the micro, small and medium sellers segments, in an addressable market of 1 million storeowners and linked to SFx.

Transaction is subject to the fulfillment of certain precedent conditions..After all legal compliance and the eventual closing of the transaction, the company will provide further details on the conditions of the acquisition. The company will keep its shareholders and the market in general duly informed, under the terms of the applicable legislation