Arezzo&Co Group (ARZZ3), owner of numerous companies in the apparel sector, raised R$830 million through a follow-on action. This means that there are more shares of the company on the market.

In this sense, the coordinators of the operation were Itaú BBA (leader), UBS BB, BTG Pactual, Itaú BBA, Santander, XP and Bank of America. Therefore, this funding is very important for the expansion of the company.

Therefore, Arezzo, through mergers and acquisitions (M&A), had to leverage these resources in addition to expanding organically. With this in mind, the company allocated all of its additional shares in an allotment called a hot issue.

Finding alternatives to expand the company's business was well received in the Brazilian market. That said, the more integration efforts Arezzo has, the more relevant it becomes to its peers.

Company Expansion

Therefore, traditional acquisitions are not a concern for the company.

In addition, upon completion of the transaction, the Company's share price was R$82.35. That is, a discount of 0.70% compared to the value recorded at the end of the trading session on Thursday, February 4, 2022.

As a result, investors are closely monitoring the company's next move with the expectation that the Executive Board will remain committed to Arezzo's improvement and expansion.

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