Phronesis Investimentos Ltda. reported that on October 29, 2026, the funds it manages came to hold a relevant equity stake in Alupar Investimento S.A. (ALUP11; ALUP3; ALUP4). The aggregate position reached 18,031,144 preferred shares, equivalent to approximately 5.68% of the company’s preferred shares, and 9,015,572 common shares, or about 1.34% of the common shares, totaling 27,046,716 shares, which corresponds to approximately 2.74% of the total shares issued by Alupar.
According to the disclosure, the stake is held through 9,015,572 Units (ALUP11), each made up of 1 common share (ALUP3) and 2 preferred shares (ALUP4), and resulted in surpassing the 5% threshold of preferred shares set out in CVM regulation.
Phronesis stated that the transaction has the sole purpose of investment, with no intention of changing Alupar’s control structure or management structure. The asset manager also reported that there is no pre-established target quantity, that it does not hold warrants, subscription rights, stock options or debentures convertible into shares of the company, and that it has not entered into agreements or contracts governing the exercise of voting rights or the purchase and sale of Alupar securities.
