Investment funds

Oct 18Materiais BásicosFundsStocksM&A

Shine I FIP secures voting control of Braskem through debenture-funded tender offer

The Shine I fund acquired 19,983 shares in Braskem, expanding its stake to 226.3 million voting shares, or 50.11% of the voting capital, and 34.33% of total capital. Sellers receive debentures issued by NSP Investimentos rather than cash, while remaining voting shareholders have until November 16, 2026 to trade under the same terms.

BRKM3

• Shine I bought 2,850 voting shares and 17,133 class A preferred shares during the auction.
• Payment is structured as two first-series debentures and one second-series debenture per share.
• Holders of common voting shares retain an extended selling period ending November 16, 2026.

Sources:Money TimesValor EconômicoSeu Dinheiro

Oct 18Petróleo, Gás e BiocombustíveisFundsStocks

Cosan moves Rumo stake into private equity vehicle managed by BTG Pactual

The holding's board unanimously approved transferring 377.8 million common shares, representing 20.33% of total capital in logistics operator Rumo, into FIP Maglev, a dedicated fund where Cosan remains the sole quotaholder.

BPAC3

• BTG Pactual will handle both administrative and asset management duties for FIP Maglev.
• FIP Maglev becomes a material subsidiary subject to Cosan's existing November shareholder agreement.

Sources:Money Times

Oct 13Markets & IndicesFunds

Brazil ETF advances in New York as second round election polls shift market bets

The iShares MSCI Brazil ETF rose 0.22% to $43.64 in New York on Monday, October 12 while B3 remained closed for a local holiday, buoyed by recent presidential second-round polls showing Senator Flávio Bolsonaro leading President Luiz Inácio Lula da Silva.

• The EWZ exchange-traded fund has accumulated a 35% gain since the beginning of January.
• U.S. stock markets operated normally despite the Columbus Day bond market closure, with the Dow Jones rising 0.45%.

Sources:Money Times

Oct 11Official filingBens IndustriaisFundsStocks

Inepar rejects NeoFeed report and defends R$921.8m FIDC Taranis valuation

The industrial group in judicial recovery issued a market announcement contesting news coverage about the Taranis credit rights fund used to pay creditors. Inepar stated that the vehicle holds non-performing litigious claims under CVM regulation and supervision by independent fiduciary agent Oliveira Trust DTVM, refuting allegations of irregular asset transfers.

• An independent report in June 2026 set a net fair value of R$ 921.8 million as of Dec 31, 2025 for FIDC Taranis across 14 lawsuits, countering claims of an overvalued portfolio.
• Auditor BDO abstained from an opinion on 2025 statements due to historical limits, while claims against Metro-SP, Detran-MT, and Eletrosul were written off from revenue projections.
• Offering FIDC Taranis shares for debt payoff is part of Inepar's judicial recovery plan approved by SP's 1st Bankruptcy Court and overseen by Brazil's securities regulator, CVM.

Sources:CVM - Documentos IPE (PDF)

Oct 8Official filingConsumo CíclicoFundsStocks

Oriz Albright requests Westwing meeting to approve R$30 million capital cut

Fund Oriz Albright FIP Multiestratégia petitioned the retailer to call a shareholder meeting to evaluate returning R$ 30 million in capital without canceling shares, citing an excessive capital base.

• Oriz Albright requested on Oct. 6, 2026, an extraordinary shareholders meeting to vote on a conditional R$ 30 million cash distribution through a capital reduction without share cancellation.
• The requested R$ 30 million payout follows a R$ 60 million capital reduction executed in July 2026, drawn against Westwing's reported cash balance of R$ 108.4 million on June 30, 2026.
• The board of Westwing will evaluate the request under S.A. Law and regulations from CVM, Brazil's securities regulator, before deciding whether to call the extraordinary meeting.

Sources:CVM - Documentos IPE (PDF)