Overview

• Reag Capital Holding said the CVM approved the cancellation of its Category B registration, making the company a private issuer with no change to its shareholder base.
• Shareholders had voted in late September to end the public registration as part of a plan to simplify the corporate structure and focus on core businesses.
• The shift follows Operação Carbono Oculto, in which federal authorities executed search-and-seizure orders at Reag's headquarters as they investigated alleged PCC links.
• On October 7, Reag Investimentos disclosed the sale of three indirect subsidiaries to Reag Asset Management with 60 monthly payments tied to net revenue and a potential tail if the stakes are resold within 60 months.
• The group earlier agreed to sell 87.38% of Reag Investimentos to executives via Arandu for an estimated R$100 million with performance-linked earn-outs, and it granted B100 exclusivity to negotiate the sale of Ciabrasf, which administers about R$340 billion.