Still pre-operational, Fictor Alimentos was listed on the stock exchange in November 2024, through an operation dubbed in the market as a 'reverse IPO'.
Without much fanfare, a Brazilian company has been preparing to measure forces with giants like JBS (JBSS3) and Marfrig (MRFG3), both for the animal protein market and for investors' pockets. This is Fictor Alimentos (FICT3), an arm of the Fictor Group, national holding company with stakes in areas such as infrastructure, agribusiness, finance and energy.
Still pre-operational, Fictor Alimentos was listed on the stock exchange in November 2024, through an operation dubbed in the market as a "reverse IPO".
Without much fanfare, a Brazilian company has been preparing to measure forces with giants like JBS (JBSS3) and Marfrig (MRFG3), both for the animal protein market and for investors' pockets. This is Fictor Alimentos (FICT3), an arm of the Fictor Group, national holding company with stakes in areas such as infrastructure, agribusiness, finance and energy.
Still pre-operational, Fictor Alimentos was listed on the stock exchange in November 2024, through an operation dubbed in the market as a "reverse IPO".
This is the most common transaction on stock exchanges in the United States. In it, a privately-held company buys the "shell" of a listed company.
Then, instead of an initial share offering (IPO), the new company inherits the seller's public company registration.
In this case, Fictor Holding and Aqwa Capital bought control of Atom, which was an education company, listed on B3 as (ATOM3).
Currently, Fictor is taking care of the procedures for changing the company name, statutes and other bureaucracy.
When this is completed - hopefully by the end of the first half of 2025 - the company should embark on a process of growth via acquisitions.
"We're going to grow through mergers and acquisitions, particularly of small companies that are financially fragile, undergoing judicial reorganization or bankruptcy." André Vasconcellos, director of investor relations at Fictor Alimentos, told Inteligência Financeira.
Fictor operates in poultry and fish and should look for new segments
Fictor's (FICT3) investment thesis is to use its own capital to clean up these companies and grow, taking advantage of the limitations of larger competitors.
This is because the animal protein market is highly concentrated in the country, especially JBS (JBBS3), Marfrig (MRFG3), BRF (BRFS3) and Minerva (BEEF3).
Therefore, the trend is for the Administrative Council for Economic Defense (Cade) to impose increasing barriers to their growth in order to protect competition.
Currently, Fictor's statute (FICT3) restricts its activities to the poultry, fish and seafood sectors.
However, said Vasconcellos, statutory changes could pave the way for entry into new segments, such as cattle and pigs.
According to him, there is a huge universe of small producers in these areas who face not only financial, but also environmental and management challenges.
"Several of them are begging to be sold," said the executive.
At the same time, Fictor Alimentos could incorporate some of the food brands currently owned by the holding company.
In this sense, the Fictor Group already owns Dr.Foods (human and animal nutrition), Vensa (grains) and Fredini (poultry).
Fictor (FICT3), the share worth a bitcoin?
Attentive to Fictor's move into the sector, including the hiring of market executives and plans for growth in the sector, investors began to buy the stock, even though the company was still in a pre-operational stage.
Thus, in 2025 alone, FICT3 has accumulated an appreciation of approximately 40%. That's even after a rise of more than 300% in 2024.
It has been an investment with a return equivalent to that of a bitcoin, says Vasconcellos.
The most popular of the electronic currencies has accumulated an appreciation of around 130% in the last 12 months, in dollars.
The executive's comments come in the wake of the announcement of the JBS's entry into the egg sectorthrough the purchase of half of Mantiqueira, one of the largest in the sector in the country.
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