Simpar settles swaps and raises Automob direct stake to 71.75%

Simpar and its subsidiaries, including Automob, announced on October 2, 2026, the settlement of total return swap derivative contracts. Concurrently, the group acquired spot common shares through CS Brasil. The transactions close terms originally agreed upon in December 2023.

At dealership chain Automob, Simpar terminated derivative contracts referencing 1.33 million shares, which represent 3.51% of its capital. That total comprised 276.3 thousand shares (0.73%) under physical settlement and 1.05 million shares (2.79%) under financial settlement.

The spot acquisition raised Simpar's direct stake in Automob to 27.1 million common shares, representing 71.75% of its total share capital. Simpar also maintains bought and sold financial derivative positions representing 5.45% of Automob's capital.

Simpar stated that its board of directors has already approved entering into new swap transactions referenced to the same volume of shares. The holding company highlighted that this technical reset does not change its economic exposure, control block, or management structure. Similar swap settlements took place across subsidiaries Movida, Vamos, and JSL, where Simpar now directly holds 58.8%, 55.9%, and 67.2% of their capital, respectively.