TOTVS sells 80% stake in RJ Participações for BRL 39 million

Bitget2026/10/02 21:08

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TOTVS agreed to sell its entire 80% stake in RJ Participações to Distribusion Tecnologia do Brasil.
Deal value set at about R$ 39 million, subject to post-closing price adjustments.
Valuation implies an EV/EBITDA multiple of more than 31x on the last 12 months.
RJ supplies management software for passenger transport operators.
Assets had been held for sale since March 2025 as TOTVS refocused resources on higher-priority segments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOTVS SA published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TOTVS sells 80% stake in RJ Participações for BRL 39 million

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