AFAM Empreendimentos e Negócios Comerciais Ltda. agreed to acquire an additional 13.98% stake in Springer S/A (BOVESPA:SPRI5) for BRL 9.67 million on April 30, 2018. Under the terms of the deal, AFAM Empreendimentos e Negócios Comerciais Ltda. will make an offer for 0.35 million shares in Springer for BRL 9.67 million. From the purchase price of BRL 9.67 million, BRL 0.97 million will be paid in cash and BRL 8.7 million will be paid in 9 annual installments of BRL 0.97 million each updated by the variation of IGP-M of the Getulio Vargas Foundation within 12 months prior to each payment date. The tender offer will be valid for 30 days starting from June 15, 2018 to July 17, 2018.