The Company paid $264 million for its initial 35%
interest and, as additional consideration, paid $376 million to extinguish a
third-party loan issued to the selling BCL shareholders that was secured
by the pledge of the remaining equity of BCL. Concurrent with its initial
investment in BCL, the Company entered into a Shareholders’ Agreement,
which provides the Company with voting rights associated with a
portion of the common stock of BCL securing the loan, amounting to an
additional 30% of the aggregate outstanding shares. Pursuant to the
Share Purchase Agreement, the Company was committed to purchase
the remaining interest in BCL on or before November 26, 2010, subject
to certain conditions. The Company and the selling shareholder have
mutually agreed to extend the closing, while certain conditions of the
contract are being completed. The parties are now in the process of
completing the local registrations for the Trustmart stores and expect to
complete the sale of the remaining equity interest in Trustmart as soon
as practicable following that process.