Acquisition of Grupo Nación de Comunicacions by Mrs. Sarah Cartes

Mrs. Sra. Sarah Cartes acquired 100% of the shares of the “Grupo Nación de Comunicaciones” (Paraguay). The “Grupo Nación de Comunicaciones” is a local media conglomerate that includes highly recognized written press (Diario La Nación, Diario Crónica, Revista Foco and Revista VOS), and 2 radio stations (Radio Montecarlo FM and Radio 970 AM). Alpax acted as exclusive financial advisor to Mrs. Sarah Cartes