The concentration operation consists of the acquisition, by Flecha 25 S.à.r.l. ("Arrow"), of exclusive control over the assets relating to the operation of the tourist and golf resort "Castro Marim Golfe & Country Club" ("Target Assets"), currently held by Algarvelux, Construções e Empreendimentos, S.A. ("Algarvelux CE") and Algarvelux Villages – Exploração Turística, S.A. ("Algarvelux Villages").