WNT increases participation in Traders Club, targets XP and BTG – 07/24/2023 – Panel SA

The WNT manager, which manages BRL 11 billion in investments, increased its stake in Traders Club from 10.27% to 25.7%.

TC, as it is known in the market, is a network of investors, managers and employees who talk about the advantages and disadvantages of doing certain deals, such as buying shares
of a company on the stock exchange.

The company had been in difficulties since the episode involving a dispute with Empiricus, now acquired by BTG, which led TC to lose about R$ 1 billion in market value last year.

One of its founders, Rafael Ferri, sold his shares in the company on the Stock Exchange.

Last year, the company had a loss of R$ 46 million.

WNT’s main partner, Valerio Marega Junior, told Panel SA that the idea now is to reposition TC as a “third way” in a market currently concentrated by XP and BTG.

“We believe that, with a base of 700 thousand customers, we can offer a better service than the competition”, said Marega Junior.

With the increase in participation, WNT nominated Marcelo Faria Lima to join the company’s advisory board and be part of TC’s control block.

Lima carried out three IPOs in the Brazilian market and two abroad, one of which was C1 Bank.
Today, he is a member of the boards of directors of Ultrapar in Brazil and Sonae in Portugal.

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