On August 31, 2026, Morgan Stanley reduced its stake in Empreendimentos Pague Menos S.A. (PGMN3) to a level equivalent to 4.9% of the company’s total number of common shares.

According to a Pague Menos notice, Morgan Stanley’s new position corresponds to 36,111,364 common shares. The institution stated that it does not intend to change the company’s control structure or management structure.

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