By Brazil Stock Guide – Reag Capital Holding SA said it is in early talks to potentially sell its controlling stake in Reag Investimentos, according to a filing cited by Reuters on Monday. The discussions include information exchanges under confidentiality agreements and preliminary conversations about economic and contractual terms of a potential deal.
The companies cautioned that there is no guarantee the negotiations will lead to a binding agreement or the completion of any transaction. No price, structure, or timeline has been defined at this stage.
The disclosure comes less than a week after federal authorities raided Reag Investimentos’ headquarters as part of a sweeping investigation into an alleged multibillion-real fraud and money laundering scheme in Brazil’s fuel sector. The company said Thursday it is cooperating fully with authorities.