Sendas Distribuidora (ASAI3) reported that on September 30, 2026, CADE’s General Superintendence approved, without restrictions, the acquisition by Snapper Rocks Strategy Fundo de Investimento em Ações, WHG Apache Fundo de Investimento em Ações, Exitus Fundo de Investimento Multimercado Crédito Privado and Everton Muffato of 12.0134% of the company’s outstanding common shares.
According to the opinion underpinning the decision, the deal is financial in nature, preserves operational independence between the groups and does not provide for the exchange of competitively sensitive information. The document also notes limited political rights, given the minority stake and the governance mechanisms described, and it reserves the possibility of action in defense of competition should there be any deviation from the reported terms.
The approval does not, in and of itself, imply any change in control or in the composition of Sendas Distribuidora’s management bodies. The exercise of shareholder rights and any appointments and elections of officers remain subject to applicable law, regulation and the Bylaws, including rules on conflicts of interest and protection of information.
The notice also states that if the case is not taken up (avocado) by CADE’s Tribunal, the decision will become final and unappealable 15 days after its publication in the Federal Official Gazette.
