Sale of 30.9% of the Shares of Bepsa del Paraguay by the Scavone Family to Banco Continental

The transaction involves the sale by the Scavone Family of 30.9% of the shares of Bepsa del Paraguay S.A.E.C.A. (“Bepsa”) to Banco Continental, the second largest bank in the country. This transaction formalizes a strategic alliance between the Scavone Family and Banco Continental, to promote Bepsa’s growth and expand its service coverage in the credit card and debit card processing sector. Alpax acted as exclusive financial advisor to the Scavone family