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Invest

Cade pode aprovar a fusão Petz-Cobasi ainda nesta semana; ações sobem q6f1v

Juliana Alves

20 de maio de 2025 às 15:02

Petz/Divulgação

A Superintendência-Geral do Conselho istrativo de Defesa Econômica (Cade) deve aprovar ainda nesta semana, e sem restrições, a fusão entre Petz (PETZ3) e Cobasi, segundo fontes ouvidas pelo Brazil Journal.

Leandro Fonseca /Exame

As ações da Petz (PETZ3) abriram em alta diante da notícia. Os papéis chegaram a subir mais de 4% no começo do pregão, mas perderam fôlego e eram negociadas com valorização de 1,85% por volta das 11h30.

Daniela Toviansky/Exame

Para o JP Morgan, a combinação com a Cobasi é o principal catalisador para a ação e a ausência de restrições seria particularmente bem recebida pelo mercado, considerando relatos anteriores de possível escrutínio adicional após a entrada da Petlove como parte interessada.

Divulgação/Divulgação

Apesar do potencial impacto positivo no curto prazo, o banco mantém recomendação neutra para a Petz com preço-alvo R$5,25, com potencial de valorização de alta de 17,19% em relação ao último fechamento e ações negociando a 24 vezes o preço/lucro estimado para 2025.

FatCamera/Getty Images

Pela análise do Cade, aponta o veículo, a nova companhia terá, em média, 28% de participação de mercado no Brasil. O órgão só costuma ver risco concorrencial em operações que ultraam o patamar de 40%.

As duas gigantes do varejo pet anunciaram em agosto um acordo definitivo para a fusão, criando uma empresa líder do setor com faturamento de R$ 7 bilhões. Mas as duas companhias só enviaram as informações complementares ao Cade dois meses depois.

Cade pode aprovar a fusão Petz-Cobasi ainda nesta semana; ações sobem