Patria to fully exit stake in Brazil's Smartfit, Valor reports
ReutersFeb 23, 2026 2:01 PM
SAO PAULO, Feb 23 (Reuters) - Brazilian investment firm Patria Investments PAX.O is set to offload its entire stake in gym chain Smartfit SMFT3.SA, newspaper Valor Economico reported on Monday citing sources.
The move is expected to occur through the sale of 42.4 million shares in a block trade, which would raise about 900 million reais ($174.22 million), Valor said.
Patria did not immediately respond to a request for comment.
($1 = 5.1659 reais)
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