Guepardo Investimentos LTDA. has reached a 5.44% stake in the common shares of Vivara (VIVA3), after coming to hold, in August 2026, a total of 12,854,800 common shares of Vivara Participações S.A., according to a company filing.

According to the asset manager, the stake is not intended to acquire control of Vivara, does not seek to change its management, control structure, or regular operations, and is solely for investment purposes in the company.

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