Petz-Cobasi-Merger approved

Pet Center Comércio e Participações, the company behind the Brazilian pet store chain Petz, has informed its shareholders and the market in general that the merger with the pet retailer Cobasi has been approved by the Administrative Council for Economic Defense Tribunal (Conselho Administrativo de Defesa Econômica, CADE).

The merger between the country’s largest pet retailers was authorised through the execution of a merger control agreement by Petz, Cobasi and CADE, which stipulates the divestment of 26 stores in the state of São Paulo. These stores represent 3.3% of the combined company's revenues over the past 12 months (Q3 2025). The approval decision and other public documents related to the merger can be found on the CADE website.

The company emphasises that the completion of the transaction is still subject to verification of the conditions precedent by the two boards of directors. Any additional information relating to the transaction, including the closing date, will be disclosed promptly in accordance with applicable laws and regulations.