Investeder Investimentos, S.A. made an offer to acquire SDC- Investimentos, SGPS, SA (ENXTLS:SDCAE) for €4.3 million on December 23, 2016. Investeder Investimentos made an offer for approximately 160 million common shares and 5518 preferred shares at the offer price of €0.027. The offer is subject to the sale by SDC- Investimentos, SGPS, SA of the stake that it indirectly holds in Intevias - Serviços de Gestão, S.A., Scutvias Autoestradas da Beira Interior, S.A., MRN- Manutenção de Rodovias Nacionais, S.A., Portvias - Portagem da vias, S.A., Auto - Estradas XXI Transmontana, S.A., Operestradas XXI, S.A. and Exproestradas XXI, S.A. The tender offer is subject to the acquisition by Investeder of at least 50% of the share capital of SDC- Investimentos, that is, at least 80 million shares. As of January 23, 2017, Board of SDCI welcomed takeover bid from Investeder. The offer was registered with the Portugal Securities Commission on May 11, 2017. As of June 5, 2017, Investeder Investimentos during the offer acquired 93.075092 million shares including 492 preferential shares and now holds a qualifying holding of 73.637% of the voting rights in SDC Investimentos. The offer will commence on May 15, 2017 and will end on June 2, 2017. As on June 7, 2017, Investifino sold 55.96% stake in SDC Investimentos. As on June 8, 2017, Investeder acquired 1.89 million shares and now holds 74.82% of the total voting rights. As of June 9, 2017 Investeder acquired 4,000 shares and June 14, 2017, Investeder acquired 0.48 million shares and now holds 75.13% of the total voting rights. As of June 19, 2017, Investeder acquired 0.02 million shares and as of June 20, 2017, Investeder acquired 0.19 million shares and now holds 75.26% of the total voting rights, representing 120.42 million shares. As of July 10, 2017, market regulator granted to investeder exemption from obligation to launch takeover bid. Banco Comercial Português, S.A. acted as broker in the transaction. Millennium investment banking acted as intermediary in the deal.