Mergers & acquisitions (M&A)

Oct 17Official filingCapital Markets & M&AStocksM&A

BÝK expands voting stake in Taurus Armas to 81.30%

BYK Participacoes acquired additional shares in Taurus Armas, according to a notice received on Oct 15, 2026 by the arms manufacturer and submitted to the CVM, Brazil's securities regulator.

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• BÝK Participações bought 15,701,625 common shares of Taurus Armas from Gibraltar Incorporações on Oct 13, 2026, representing about 30.73% of the company's voting stock.
• The transaction raised BÝK's total stake in Taurus Armas from 26,159,292 shares (18.78% of total capital) to 41,860,917 shares, or 30.05% of total capital.
• Controlling shareholder BÝK stated that the stock purchase does not aim to alter Taurus Armas's control composition or administrative structure.

Sources:CVM - Documentos IPE (PDF)DOESP - Diário Oficial do Estado de São Paulo (busca)

Oct 17Official filingCapital Markets & M&ATechStocksM&A

WDC completes R$ 900k Teki buyouts without shareholder voting

Livetech da Bahia completed the purchase of 100% of Teki for R$ 900,000 in a single installment, expanding into cybersecurity software distribution following a Sept 14, 2026 agreement.

• WDC concluded the acquisition of 100% of Teki from Diamond Angel Participações and Marco Aurélio Machado for R$ 900 thousand paid in a single installment.
• The deal follows a September 14, 2026 announcement and was finalized after all precedent conditions were satisfied.
• The acquisition requires no general meeting ratification or withdrawal rights for shareholders under Brazilian corporate law.

Sources:CVM - Documentos IPE (PDF)

Oct 17Capital Markets & M&AStocksM&A

Afya and Yduqs medical merger faces local market antitrust scrutiny at CADE

The merger signed on September 23, 2026, between Afya and Yduqs to create Brazil's largest medical education group faces review by CADE, Brazil's antitrust authority, over local market concentration. The combined firm holds 5,888 annual seats, representing 17% of national private medical capacity, but local overlaps reach 100% in Ji-Paraná, 53% in Teresina and 48% in Rio de Janeiro, which together account for 15% of total combined seats.

• The combined group controls 5,888 authorized annual medical seats, or 17% of Brazil's private total.
• Local overlaps reach 100% of private seats in Ji-Paraná, 53% in Teresina and 48% in Rio de Janeiro.
• CADE has up to 330 days to evaluate potential forced divestments in overlapping markets.

Sources:O Globo (Economia)Valor Econômico

Oct 17Capital Markets & M&AStocksM&A

Batista family holding Globe Investimentos completes acquisition of Avibras Aeroco

Investment firm Globe Investimentos, owned by Joesley and Wesley Batista, finalized the acquisition of 100% of Avibras Aeroco, securing the industrial plants, strategic assets and technology portfolio of defense supplier Avibras Indústria Aeroespacial after announcing the transaction in August.

• The acquisition covers 100% of Avibras Aeroco's capital.
• The deal transfers the industrial facilities and technology portfolio of Avibras Indústria Aeroespacial.

Sources:Valor EconômicoMoney Times