Helbor has spent nearly half a century quietly buying land around São Paulo — and it now sits on a plot bank worth roughly R$12 billion (US$2.4 billion), more than 40 times its stock-market value. The family that built it is now fielding a takeover bid from its own corporate sibling. Full nameHelbor Empreendimentos S.A. Ticker / exchangeHBOR3 · B3 (Novo Mercado), São Paulo HeadquartersMogi das Cruzes, São Paulo, Brazil SectorReal Estate — residential & commercial development EmployeesNot disclosed in available filings Market value (market cap)R$272M · US$53M Yearly sales …
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