On Thursday, October 8, 2026, Log Commercial Properties (LOGG3) reported that Challenger Fundo de Investimento em Ações reduced its stake and now holds 10,931,746 common shares of the company, equivalent to 12.44% of the total common shares outstanding.
According to the notice, this stake held by the Fund is part of the position of the controlling shareholder and of persons and investment vehicles related to it, which together, on a consolidated basis, total 30,506,346 common shares, corresponding to 34.72% of the shares of Log Commercial Properties.
Challenger stated that the sale of the shares was intended to optimize the allocation of holdings among the members of the company’s controlling block, without the intention of reaching any specific ownership level. The Fund also declared that it does not hold any other securities, rights convertible into shares, or derivatives related to Log Commercial Properties.
The notice adds that, in addition to the existing shareholders’ agreements already in force, there are no other contracts or commitments regarding the exercise of voting rights or the trading of the company’s securities. The transaction was not intended to change the control or the management structure of Log Commercial Properties and does not trigger any requirement to launch a tender offer.
