Azzas 2154 (AZZA3), the company known as Arezzo, announced on Wednesday, November 4, 2026, that the certificate of finality (trânsito em julgado) has been issued for the decision by CADE (Brazil's Administrative Council for Economic Defense) that approved, without restrictions, the company's corporate reorganization. Finality means the decision has become definitive and can no longer be appealed.
The transaction aims to separate Azzas's current businesses into two independent publicly traded companies, each with its own management and governance structure. The reorganization is the subject of an agreement between the Birman Group and the Jatahy Group.
The approval was granted by CADE's General Superintendence. The announcement follows up on the Material Fact of September 2, 2026 and the Notice to the Market of October 14, 2026. The company said it will keep shareholders and the market informed of any further relevant developments.
