With the Brazilian stock exchange closed on Tuesday, April 21, investors watched the U.S. market. The S&P 500 fell 0.63%. The Nasdaq was down 0.59% and the Dow Jones Industrial Average closed with a loss of 0.59%.
The price of a barrel of Brent crude oil closed up 3.9% at $99.20. The news that Iran had not yet decided whether to participate in peace talks with the United States moved the price of the barrel.
After the market closed on Tuesday, U.S. President Donald Trump announced that he ordered the Armed Forces to extend the ceasefire against Iran “until Iranian representatives come to a unified proposal to negotiate peace.”
The EWZ, an ETF representing Brazilian companies in New York, closed down 1.22% on Tuesday. But in after-hours trading, it rose 0.70% following Trump’s announcement extending the ceasefire. The Dow Jones Brazil Titans Index, whose portfolio contains the most traded stocks, fell 1.02%.
Copasa clarified that a decision by the Court of Accounts of the State of Minas Gerais does not prevent the eventual execution of a subsequent share offering as part of the company’s privatization process.
The clarification was made to the Brazilian Securities Commission following a report by the newspaper Folha de S.Paulo. The newspaper reported that the Court of Accounts ruled on Thursday, April 16, that the Minas Gerais state government could not conclude the privatization of Copasa before a final ruling from the court.
Copasa explained that the Court of Accounts issued a preliminary partial ruling, authorizing the continuation of preparatory steps for the operation but recommending that definitive acts await the court’s conclusive decision.
The company stated that the decision does not impose a prohibition on the offering or acts related to the offering, and that only a recommendation was made for definitive acts to await a final decision within the oversight process.
The company also highlighted that, contrary to what was reported, the structure under analysis for the privatization process does not involve “sale notices” or an “auction,” as the potential offering structure calls for the sale of shares through a public offering.
To date, Copasa has not been informed by the State of Minas Gerais of any definitions regarding the timeline for the potential offering.
American asset manager BlackRock, one of the largest in the world, increased its stake in Totvs.
On behalf of some of its clients, as an investment manager, BlackRock acquired common shares issued by Totvs. As of April 16, 2026, its aggregated holdings amounted to 59,794,269 common shares and 103,923 American Depositary Receipts, representing 207,846 common shares, totaling 60,002,115 common shares. This represents approximately 10.010% of the total common shares issued by the company. It also holds 346,100 financial derivative instruments referenced to common shares with financial settlement, representing approximately 0.058% of the total common shares.
BlackRock also informed that the acquisition of the shareholding is not aimed at changing the shareholding control or administrative structure of Totvs.
After approval by its board of directors, BRB – Banco de Brasília signed a memorandum of understanding with Quadra Capital on Monday, April 20, to structure an investment fund for the transfer of assets held by the company, originating from operations received by BRB from Banco Master.
The operation has a reference value of 15 billion Brazilian reais. It consists of an upfront financial portion of at least 3 billion and up to 4 billion reais; and a remaining portion, estimated between 11 billion and 12 billion reais, represented by subordinated shares of the investment fund to be structured for the management and monetization of the assets.
BRB stated the operation aims to divest these assets to strengthen its capital structure and liquidity, as well as improve the management of its portfolio. The bank said the transaction is a relevant step in its restructuring process, with expected positive effects on liquidity, asset management, and balance sheet rationalization.
The completion of the operation will be subject to meeting precedent conditions set out in the memorandum of understanding.
Mills updated the per-share value of the dividend announced on December 23, 2025, due to changes in the number of treasury shares held by the company.
The total amount of 150 million reais to be distributed as dividends remains unchanged. However, the value per share was adjusted from 0.66173844752 reais to 0.65959060214 reais per share.
The record date was Monday, April 20. The shares will trade ex-dividend starting April 22, 2026. The payment date will be April 30, 2026, without monetary correction.
Brava Energia informed that its ordinary general meeting held on this date approved the payment of mandatory minimum dividends for the fiscal year ended December 31, 2025. The total amount is 57,418,563.07 reais. The value per share is 0.12360222942 reais. These dividends will be paid to shareholders registered as of the record date of April 20, 2026 (this Monday), respecting trades made up to and including that date. Brava’s shares will trade ex-dividend starting April 22 (next Wednesday). The company informed shareholders that the payment will be made on May 1, 2026.
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