Kepler Weber announces the end of merger negotiations.

In an unexpected move, Kepler Weber informed the market of the termination of merger negotiations with A-AG Topco Limited, known as GPT. According to the company, the offer became invalid after a condition for signing the agreement was not met.

According to a relevant fact disclosed on March 3, GPT formally notified the company of the expiration of the transaction proposal. The signing of the "Merger of Shares Agreement" was contingent upon two conditions being met by 18 PM on March 2, 2026.

The board of directors approved the draft agreement (read hereThe situation, therefore, has improved.

However, GPT and Trígono did not conclude negotiations regarding the voting commitment. The document stipulated support for the transaction and related resolutions at an extraordinary general meeting. Without the signature within the stipulated deadline, the offer lost its effectiveness.

With the withdrawal of the proposal, the operation will not proceed. Deliberations and actions related to the intended transaction will cease to have effect.

The board of directors reported that it has taken steps to make the transaction viable. The company has hired financial and legal advisors. It has conducted rounds of negotiations with GPT. It has requested a "fairness opinion" on the proposed exchange ratio. It has reviewed the terms and approved the signing of the draft agreement at an extraordinary meeting held on March 1, 2026.

The administration reiterated its economic, financial, and operational strength, even in the face of an adverse sectoral cycle.