Sequoia Logística e Transportes S.A. (BOVESPA:SEQL3) entered into an agreement to acquire Prime Express Logística e Transporte and Prime Time Logística e Transportes Eireli on December 11, 2020. Prime posted gross sales of BRL 199.5 million in the period ended October 2020. The transaction is subject to the fulfillment of certain precedent conditions, including the approval of the Administrative Council for Economic Defense (Cade).