The merger operation consists of the acquisition of joint control by Pragosa Betão, S.A. (“Pragosa”) and Cimpor Portugal Cabo Verde Operations, SGPS, S.A. (“Cimpor” or “Cimpor Notifier”) over Ibera – Indústria de Concreto, S.A. (“Ibera”), a company over which Cimpor held exclusive control at the time.