Notified on 11 March 2010, this merger operation consists of the acquisition, by the fund Explorer II - Fundo de Capital de Risco (Explorer II Fund), of exclusive control of the company Transportes Gonçalo SA (Transportes Gonçalo), by means of the establishment of a new company that, directly or indirectly, will hold one hundred per cent of the shares representing Transportes Gonçalo´s registered capital.