F. Ramada Investimentos, SGPS, S.A. (ENXTLS:RAM) agreed to acquire 99% stake in Socitrel - Sociedade Industrial De Trefilaria, S.A. on September 29, 2017. Socitrel - Sociedade Industrial De Trefilaria, S.A. reported revenues of €20 million and EBITDA of €1 million on June 30, 2017. The transaction is subject to the approval of Competition Authority. As of December 15, 2017, the transaction is approved by Competition Authority. The transaction is expected to complete till December 31, 2017. F. Ramada Investimentos, SGPS, S.A. (ENXTLS:RAM) completed the acquisition of 99% stake in Socitrel - Sociedade Industrial De Trefilaria, S.A. on December 15, 2017.