A giant in the Latin American entertainment sector, T4F has set a date for its definitive departure from the B3 stock exchange. The company revealed this Monday, June 29th, that the auction for the public offering of shares (OPA), conducted by its founder and controlling shareholder Fernando Luiz Alterio, will take place on July 20th.
In the document, he confirms his intention to acquire all of the company's outstanding shares. This represents 3,353,850 common shares, equivalent to 49.75% of the company's share capital.
The price per share was set at R$ 5.59. However, according to the announcement itself, with the update defined by the Selic rate, the value reaches R$ 5.97 per share, based on the accumulated index up to this Monday, the 29th, according to calculations by the Central Bank.
Thus, at least up to this point, the amount represents a premium of 34.4% over the last closing price before the announcement of the takeover bid on March 31st.
Taking into account the adjusted value, in order to buy all the shares and take the company private, Alterio will need to invest at least R$ 20 million.
The negotiations do not include the stakes held by the company's controlling shareholders, which total 50.2%. According to T4F's investor relations department, Alterio owns 35.8%; FA Comércio e Participações, owned by the businessman himself, holds 8.7%; and CIE Internacional SA de CV, the international investment arm of the Mexican Corporación Interamericana de Entretenimiento, owns 5.7%.
When announcing to the market his intention to take the company private, Alterio stated that he had made the decision "in view of the costs of maintaining the registration as a publicly traded company."
It also addressed "the lack of prospects for increasing the liquidity of the company's securities and investment opportunities through capital market issuances in Brazil in the short and medium term."
T4F is yet another company that has decided to leave the Brazilian stock exchange, following a recent path taken by companies such as Gol, Neoenergia, and Eletromídia.
In April, NeoFeed revealed that, from 2023 until November of last year, 32 publicly traded companies left the B3 stock exchange . The reasons ranged from acquisitions, such as Santos Brasil, bought by the French company CMA CGM, to difficulties in returning to the market, as presented by T4F.
Since going public in April 2011, with shares initially trading at R$ 16, the company has registered a 63% devaluation to date, considering the closing price on Friday, June 26, at R$ 5.90.
In the first quarter of 2026, the company reported net revenue of R$ 33.1 million, a 44% increase over the R$ 23 million recorded in the same period last year.
During the period, T4F reported a loss of R$ 4.1 million, an improvement compared to the negative result of R$ 11.9 million in the first three months of 2025. EBITDA was R$ 2.2 million, reversing a negative result of R$ 3.4 million.
According to the company, three live music events were held during the quarter, in addition to theatrical performances, resulting in the sale of 53,000 tickets, with an average price of R$ 273.
On Monday, the 29th, around 12:40 PM, the shares had accumulated a 0.5% drop and were trading at R$ 5.87. In the accumulated total for 2026, the shares have registered a depreciation of 3.1%. T4F has a market value of R$ 397 million.
