HBR Realty buys more than 80% of Helbor in tender offer

In brief

HBR Realty took over 80% of Helbor in the tender offer.

The swap is 0.8155 HBR share per share.

Verified fact · material
HBR Realty acquired more than 80% of Helbor capital in the tender offer auction held at B3 on October 28, 2026.
Auction.
Sources[01][02]
Verified fact · material
The offer provides an exchange of about 0.8155 HBR Realty share per Helbor share.
Swap.
Sources[01][02]
Verified fact
According to NeoFeed, settlement is expected on November 9, with exit from Novo Mercado.
Settlement.
Sources[01]
Verified fact
According to Investidor10, remaining shareholders can sell by November 28 or switch to HBR shares.
Remaining holders.
Sources[02]

Transmission to assets

Actual delisting still depends on settlement and further steps.

HBOR3uncertain

Control concentrated in HBR.

Holders switch.

What would change the view: Delisting.

direct15% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

Limits of the reporting