California Pintos acquired through Forest Holding Financeira

What's the deal? Brazil's central bank authorised Francine Prado Kallas to acquire California PintosDealroom has a profile for this one. Try Dealroom →, a financial firm based in Piauí. The purchase was made through Forest Holding Financeira, and the process was signed in December 2024.

The details: The central bank's authorisation was published in Brazil's Diário Oficial da União. California Pintos was founded in 2020 with capital of R$15 million.

The backdrop: The authorisation comes as Lucas Kallas and Francine Prado Kallas appear in reporting about the Federal Police's Operation Parcours investigation. Valor reports that the investigation concerns suspected illegal iron-ore extraction and alleged money laundering.

What's next? The Pinto family and Francine Kallas had not responded to requests for comment at the time of publication.

Read more: Valor Econômico

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