Helbor Empreendimentos (HBOR3) announced on Tuesday, November 10, 2026, that the Controlling Group, made up of Hélio Borenstein S.A. – Administração, Participações e Comércio, Henrique Borenstein and Henry Borenstein, sold all of its common shares in the unified exchange tender offer (OPA) for the acquisition of control and deregistration of the company, launched by HBR Realty Empreendimentos Imobiliários S.A. With the settlement of the offer, the Controlling Group's direct stake in Helbor was reduced to zero. In total, 67,098,134 common shares were sold.
Before the transaction, Hélio Borenstein S.A. held 51,615,538 common shares, Henrique Borenstein held 9,893,995 and Henry Borenstein held 5,588,601. All of them were sold in full in the tender offer.
As a result of the offer, HBR Realty becomes Helbor's direct controlling shareholder, and the Controlling Group now controls the company indirectly. According to the announcement, the transaction does not change the composition of control or the company's management structure.
The shareholders of the Controlling Group also stated that they hold no other securities issued by Helbor, nor financial derivative instruments referenced to the company's shares.
