Stocks

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

Oct 17Utilidade PúblicaStocks

Itaú injects R$ 1.77 billion into Eneva thermal power subsidiary

Itaú Unibanco expanded its capital stake in Eneva Participações III through a R$ 1.77 billion investment in preferred shares, leaving Eneva with 100% of common voting stock. The transaction deepens a partnership formed in 2023 around gas-fired power generation assets in Maranhão. CADE, Brazil's antitrust authority, approved the deal without restrictions in August 2026.

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• Eneva holds a buyback option for Itaú's preferred shares exercisable between January 2031 and December 2032.
• Itaú now owns all preferred shares with restricted voting rights in the natural gas generation unit.

Sources:Seu DinheiroValor EconômicoMoney Times

Oct 17Petróleo, Gás e BiocombustíveisTechStocks

Brazilian listed companies set dates for third quarter 2026 earnings season

Romi opens the third quarter 2026 reporting period on October 20, followed by major blue chips including Ambev on October 28, Vale on October 30, Itaú Unibanco on November 3, and Petrobras on November 10.

• Romi kicks off the reporting schedule on October 20, followed by Neoenergia on the same day.
• Major financial and commodity blue chips will release their results in early November.

Sources:Money Times

Oct 17Investment FundsStocks

HSLG11 recovers partial rent from Casas Bahia while keeping eviction suits active

Real estate fund HSLG11 received R$ 2.93 million from Casas Bahia for a overdue September rent payment on a Contagem warehouse, but the retailer remains delinquent on R$ 1.43 million for a site in São José dos Pinhais. The fund is maintaining eviction lawsuits for both properties.

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• The paid total included R$ 2.87 million in principal and R$ 57.5 thousand in late penalties paid on October 14.
• The outstanding R$ 1.43 million debt is post-petition and exempt from judicial recovery restructuring rules.

Sources:InfoMoneyMoney TimesSeu Dinheiro

Oct 16Official filingTecnologia da InformaçãoTechStocksM&A

SFA Investimentos acquires 5.10% stake in Positivo Tecnologia

SFA Investimentos LTDA acquired 7,236,400 common shares of Positivo Tecnologia S.A., reaching a 5.10% equity stake, according to a filing submitted on Oct 15, 2026, to CVM, Brazil's securities regulator. The shares were purchased through four investment vehicles, including Porto SFA Master FIA and Porto SFA Pipe FIA.

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• SFA Investimentos reported to CVM, Brazil's securities regulator, that its investment vehicles reached 7,236,400 common shares in Positivo Tecnologia S.A., representing a 5.10% equity stake.
• The stake was built through Porto SFA Master FIA, Porto SFA Institucional Master FIA, Porto SFA Equity Hedge FIM and Porto SFA PIPE FIA.

Sources:CVM - Documentos IPE (PDF)

Oct 16Official filingCapital Markets & M&AStocks

Valid issues R$ 200M in debentures under firm placement guarantee

Valid Soluções S.A. announced a public offering of R$ 200 million in single-series, non-convertible debentures, according to a notice sent on Oct 15, 2026, to CVM, Brazil's securities regulator. Moody's América Latina assigned a preliminary credit rating of AA+.br to the issuance, which is being coordinated alongside Itaú BBA Assessoria Financeira S.A.

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• Valid Soluções S.A. launched its 12th issuance of 200,000 debentures with a unit value of R$ 1,000.00, totaling R$ 200,000,000.00 under a firm placement guarantee.
• Moody's América Latina Ltda. assigned a preliminary rating of AA+.br to the offering, coordinated by Itaú BBA under rules of CVM, Brazil's securities regulator.
• Financial settlement of the R$ 200,000,000.00 offering is scheduled for October 22, 2026, following bookbuilding on October 20, 2026, and closing on October 26, 2026.

Sources:CVM - Documentos IPE (PDF)

Oct 16Official filingB3 FilingStocksM&A

Petro-Victory cuts stake in Azevedo & Travassos Energia below 10%

Petro-Victory Energia LTDA cut its equity holding in Azevedo & Travassos Energia S.A. to 3,791,681 common shares, representing 9.48% of total capital, according to a notice filed on Oct 15, 2026, with CVM, Brazil's securities regulator. CEO and Investor Relations Director Ivan Carvalho signed the filing.

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• Petro-Victory Energia sold 309,500 common shares on B3, lowering its stake in Azevedo & Travassos Energia from 4,101,181 shares (10.25%) to 3,791,681 shares (9.48%).
• The shareholder stated the sale aimed at raising liquidity, with no intent to alter the control group or administrative structure of the company.
• Azevedo & Travassos Energia filed the notice on October 15, 2026, in compliance with Resolution 44 of CVM, Brazil's securities regulator.

Sources:CVM - Documentos IPE (PDF)

Oct 16Capital Markets & M&AStocksM&A

Fund Challenges Regulator's Order for Billion-Reals Oncoclínicas Tender Offer

Fund Josephina III filed a lawsuit in the 21st Federal Court of São Paulo seeking to annul an order by CVM, Brazil's securities regulator, requiring US manager Centaurus to launch a tender offer for Oncoclínicas. The administrative decision, made unanimously by CVM's board in August, established that Centaurus triggered a mandatory buyout clause after exceeding a 15% equity threshold in the cancer treatment network, overruling CVM's technical staff.

• Josephina III requested an injunction in the 21st Federal Court of São Paulo to suspend CVM's tender offer ruling.
• CVM's board ruled unanimously in August that Centaurus surpassed the 15% ownership threshold at Oncoclínicas.
• The lawsuit runs parallel to an ongoing arbitration proceeding between Josephina III and Latache Capital.

Sources:InvestNews

Oct 16Official filingB3 FilingStocks

PDG Realty replaces entire board and elects Roberto Giarelli

Shareholders of PDG Realty S.A. Empreendimentos e Participações approved the dismissal of all three sitting board members at an extraordinary general meeting on Oct 14, 2026, before re-electing two of them alongside a new director through a multiple vote procedure, according to a filing with CVM, Brazil's securities regulator. The newly elected board, comprising João de Saint Brisson Paes de Carvalho, Pedro Henrique Ribeiro Novaes, and Roberto Giarelli, will serve a unified term through the annual meeting that approves fiscal year 2027 financial results.

• EGM approved the removal of all board members Pedro Henrique Ribeiro Novaes, João de Saint Brisson Paes de Carvalho, and Maurício Tiso de Souza on October 14, 2026.
• Shareholders elected João de Saint Brisson Paes de Carvalho, Pedro Henrique Ribeiro Novaes, and Roberto Giarelli for a term ending at the AGM on 2027 financial statements.
• João de Saint Brisson Paes de Carvalho and Pedro Henrique Ribeiro Novaes were classified as independent board members under B3 Novo Mercado rules.

Sources:CVM - Documentos IPE (PDF)

Oct 16Official filingCapital Markets & M&AStocks

Fitch assigns AA(bra) rating to SBF's 6th debenture issuance

Fitch Ratings assigned an AA(bra) long-term national credit rating to the 6th debenture issuance of SBF Comércio de Produtos Esportivos S.A., according to a filing submitted on Oct 15, 2026, to CVM, Brazil's securities regulator. The single-series, non-convertible debentures carry a corporate guarantee provided by parent company Grupo SBF S.A., as detailed by Chief Financial Officer José Luís Magalhães Salazar.

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• Fitch Ratings assigned an AA(bra) national long-term rating to the 6th issuance of single-series unsecured debentures by SBF Comércio de Produtos Esportivos S.A. on October 15, 2026.
• The debentures carry an additional corporate guarantee from controlling shareholder Grupo SBF S.A., as reported to CVM, Brazil's securities regulator.

Sources:CVM - Documentos IPE (PDF)

Oct 16Official filingPetróleo, Gás e BiocombustíveisStocks

Brava Energia detects gas in Potiguar Basin onshore well

Brava Energia S.A. identified gas saturation after reaching a depth of 2,230 meters at its 3-SAN-6D-RN onshore extension well in the Sanhaçu field, located in the Potiguar Basin, according to a notice filed on Oct 15, 2026, with CVM, Brazil's securities regulator. Chief Financial Officer Luiz Carvalho stated that technical studies will assess the accumulation size and production potential following notification to oil regulator ANP.

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• Brava Energia notified regulator ANP of a gas discovery in well 3-SAN-6D-RN after reaching a depth of 2,230 meters in the Sanhaçu Field, Potiguar Basin.
• Technical assessment of potential production remains conditional on technical studies to evaluate the true dimensions of the gas accumulation.

Sources:CVM - Documentos IPE (PDF)Agência iNFRA (infraestrutura)

Oct 16Capital Markets & M&AStocks

Securities Regulator Begins 60-Day Pilot to Test Capital Market Tokenization

CVM, Brazil's securities regulator, launched a 60-day pilot program on Oct 14, 2026, to test the issuance, trading, custody, and settlement of tokenized stocks, debentures, and fund shares on distributed ledger networks. Chairman Otto Lobo noted that the initiative targets market efficiency and infrastructure modernization, operating entirely with simulated assets and resources without live investor participation.

• The trial runs for 60 days with a potential 30-day extension, using fictitious assets and simulated capital.
• CVM Chairman Otto Lobo said tokenization can enhance market infrastructure efficiency and lower operational costs.
• Proposals to run test networks can be submitted by market associations and self-regulatory entities.

Sources:InvestNewsValor Econômico