Holding negotiates sale of Reag Investimentos control after mega operation by PF

Reag Holding, which holds a stake in Reag Investimentos, announced on Monday morning that it is in negotiations for the sale of the portion that gives control of the investment manager. The market notice was made through a relevant fact at 10 am, at the opening of trading. The announcement states that there is no guarantee that the negotiations will result in any business confirmation, but it provided information subject to confidentiality agreements for the potential transaction with the new controlling entity. Reag Holding owns 63.93% of Reag Investimentos, while individuals linked to the holding company hold another 23.45%, according to the company’s website. The investment manager’s treasury holds 0.14% of the shares, with 11.68% in free circulation. Reag Investimentos was one of the companies at the center of Operation Hidden Carbon, carried out last Thursday. Search and seizure warrants were executed at the manager’s headquarters after a MP investigation revealed that eleven funds linked to Reag had been used to acquire and conceal assets such as real estate, vehicles, and even alcohol distilleries.