News

NOTICE TO THE MARKET

Brazil, Rio de Janeiro, August 23, 2017 - Brasil Brokers Participações S.A. ("Company" or "Brasil Brokers"), a publicly-held company with common shares traded in the Novo Mercado segment of the BM&FBOVESPA under ticker BBRK3, hereby informs its shareholders and the market in general, the following:

On August 22, 2017, the Company concluded negotiations so that its operations in the state of Rio Grande do Norte will no longer be carried out by its subsidiary Abreu Brokers Serviços Imobiliários Ltda. ("Abreu Brokers"), but rather by a new company, which will have license rights for the Brasil Brokers brand in the region as well as access to certain platforms.

Brasil Brokers will not hold any equity interest in this new company, being compensated exclusively from fees for the license rights mentioned above, as per contractually-adjusted parameters.

As of September 1, 2017, all of Abreu Brokers’ assets, employees and current contracts will be transferred to the new company, in such way that Brasil Brokers will no longer have any direct operations in the state of Rio Grande do Norte.

Brasil Brokers would like to take this opportunity to thank Mr. Ricardo Cabral Abreu, one of the founders of the Company, for all his commitment, ethics and professionalism throughout these 10 years of alongside the Company, wishing him best of luck in this new phase that will begin on September 1, 2017.

Click here for the Notice to the Market.

IR Contact:
Phone: +55 (21) 3433-3000
ri@brbrokers.com.br