M&A Activity • Nov 7, 2022
M&A Activity
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6 November 2022
This information to the market and the general public has been prepared by CTT - Correios de Portugal, S.A. (the "Company" or "CTT") exclusively for use during the presentation of the strategic partnership between CTT and ("Tranguilidade/Generali Seguros") and is made under the terms and for the purposes of article 29-Q of the Portuguese Securities Code and other legislation in force and is also available on CTT's website at: https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.
This document has an informative nature and does not constitute, nor must it be interpreted as, an offer to sell, issue, exchange or buy any financial instruments (namely any securities issued by CTT or by any of its subsi solicitation of any kind by CTT, its subsidiaries or affiliates. Distribution of this document in certain jurisdictions may be prohibited, and recipients into whose possession this document comes shall be responsible for i observing any such restrictions. Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement. Should anyone intend to acquire or s related to CTT, at any time, any transaction or investment shall be made on the basis of its own judgement and of professional advice and this document shall not be deemed or perceived as any kind of financial or other adv
This document (i) may contain summarised information and be subject to amendments and supplements, and (ii) the information contained herein has not been verified, reviewed nor audited by any of the Company's advisors or a required by applicable law, CTT does not undertake any obligation to publicly update or revise the information contained in this document. Moreover, the recipients of this document are invited and advised to consult the pu CTT on its website (www.ctt.pt) as well as on the Portuguese Securities Exchange Commission's website (www.cmvm.pt). In particular, the contents of this document shall be read and understood in light of the financial infor to time by CTT, through such means, which prevail in regard to any data presented in this document.
To the fullest extent allowed by law, neither the Company nor its subsidiaries, affiliates, directors, employees or advisors assume liability of any kind, whether for negligence or any other reason, for any damage or loss use of this document or its contents.
This presentation contains forward-looking statements. All the statements herein which are not historical facts, including, but not limited to, statements expressing our current opinion or estimates or, as applicable, thos financial performance, the business and strategy, the management plans, targets and objectives concerning future business, operations and investments are forward-looking statements. Statements that include the words "expec "estimates","targets","foresees","predicts","intends","plans","believes","anticipates","will","may","would","could","continues" and similar statements of a future or forward-looking nature identify forward-looking statemen
All forward-looking statements included herein involve known and unknown risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results, performance or achievements to diff indicated in these statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-look document reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the results of our financial condition, strategy, operation and liquidity economic, legal or technological trends or conditions (specifically, market and sector developments, investment opportunities and regulatory conditions).
Although CTT believes that the assumptions behind such forward-looking statements are reasonable when made, any third parties are cautioned that forward-looking information and statements are subject to various risks and u which are difficult to predict and generally beyond the control of CTT, what could cause the models, objectives, targets, plans, estimates and/or projections to be materially reviewed and/or actual results and developments those expressed in, or implied or projected by, the forward-looking information and statements.
Forward-looking statements (in particular, the objectives, targets, estimates and projections as well as the corresponding assumptions) do neither represent a commitment regarding the models and plans to be implemented, no of future performance, nor have they been reviewed by the auditors of CTT. You are cautioned not to place undue reliance on the forward-looking statements herein.
All forward-looking statements included herein speak only as at the date of this document. Except as required by applicable law. CTT does not undertake any obligation to publicly update or revise any forward-looking statem of new information, future events or otherwise.
Transaction description and rationale
Closing of the transaction expected to occur before the end of 2023
performance achieved
2 •
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4 •
5
3
Distribution agreement with Tranquilidade/Generali Seguros will allow CTT to offer a wide range of insurance products through its capillary network and digital channels
November 2022
Strong track record in bancassurance partnerships
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Contacts: Phone: +351 210 471 087 E-mail: [email protected]
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