Portuguese 
English 
Spanish 
6 min of reading 
0 comments 
Corporate News Highlights: Relevant Shareholding Change, Connectivity Platform, Installed Capacity, Transition Process, Reorganization Plan, Shareholding Participation.
The corporate radar this Tuesday (5) highlights the daily production in November of PRIO (PRIO3). AGE Furthermore, Lojas Renner (LREN3) announced a relevant shareholding change. Zamp (ZAMP3) decided to unify the requests of Mar Absoluto Master and MC Brazil F&B Participações, a company that is part of the Mubadala Capital group, in a single extraordinary general assembly. The corporate meeting will have representatives from Cruzeiro do Sul, Helbor, Pague Menos, PDG Realty, Serena, SLC Agrícola, Valid, and will also have coverage from Radar InfoMoney.
AGE
Eletrobras (ELET3) sold a stake in SPEs of the Chapada do Piauí complex. Serena (SRNA3) started operations of the Goodnight 1 wind project in Texas. Valid sold its stake in an Irish company to Softbank and focused more on Brazil. Cruzeiro do Sul (CSED3) advanced the payment of dividends to next Friday. Helbor (HBOR3) elected Leonardo Fuchs Piloto as the financial director and investor relations. Pague Menos (PGMN3) elected Jonas Marques to take over as CEO starting in January Check more highlights:
Extraordinary General Assembly (AGE)
Prio (PRIO3) reported that daily production in November reached 99,313 barrels of oil equivalent per day (boed) while total oil sales reached 2,094,088 barrels. Real TimeLive Ibovespa: check what moves the stock market, dollar, and interest ratesNY indices fall ahead of US employment data According to the company, the Frade field was impacted by two production stoppage events due to instabilities in the instrumentation system.
-
Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.
-
Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.
-
Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.
-
While the world was paying more for fuel, the 100 largest oil companies on the planet raked in an extra $23 billion in just 30 days of blockage in the Strait of Hormuz.
Lojas Renner (LREN3)
Lojas Renner (LREN3) disclosed that the Goldman Sachs bank has conducted operations resulting in a financial settlement derivative position equivalent to 48,327,761 ON shares of the company or a stake of 5.02%.
Zamp (ZAMP3)
Zamp decided this Monday to unify the requests of the Mar Absoluto Master Investment Fund and MC Brazil F&B Participações S.A, a company that is part of the Mubadala Capital group, in a single extraordinary general assembly (AGE). The matters requested by Mar Absoluto will enter the meeting on January 3. Thus, after the requests made by the two groups of shareholders, in order to reduce potential uncertainties and volatility during the period between one AGE and another, the board of directors decided that unifying all matters from both requests in a single meeting serves the entire set of shareholders of the company. Furthermore, according to the decision, shareholders will have the opportunity to evaluate the entire context, considering all variables and the consequences of each proposed item.
Valid (VLID3)
Valid is preparing to cash in €32.1 million (R$171.95 million) with the sale of 67.5% of its minority stake in Cubic Telecom, an Irish connectivity platform company. The amount exceeds more than three times the company’s initial investment in the business, which was €10 million made in 2017. The buyer is the Japanese conglomerate Softbank, which acquired a total of 51% of Cubic’s capital, including stakes from other shareholders of the company, such as Qualcomm and Cariad, a software arm of Volkswagen. Valid held a 6% stake and, under the agreement, will retain the remaining stake in the business for the next two years. Until then, the company will decide whether to remain or fully exit the investment. Cubic presents itself as a leader in IoT connection software for vehicles, including agricultural machinery. It operates in over 190 countries, predominately in the European market, with 17 million connected devices, according to data available on the company’s website. It was valued at €900 million in the transaction with Softbank, which will pay €473 million for control of the business and will have rights to three seats on the board of directors.
Eletrobras (ELET3;ELET6)
Eletrobras (ELET3;ELET6) signed a contract with Infraestrutura Brasil Holding XX, a company controlled by funds managed by Pátria Investimentos, for the sale of 49% of the share capital of the Special Purpose Companies (SPEs) Chapada do Piauí. The stakes in these assets held for sale were accounted for R$222 million in 3T23, and in 2022 they generated an equity loss of R$9.8 million. The other aspects of the transaction are covered by confidentiality clauses. The wind complexes consist of a total of 15 SPEs, totaling 377.5 MW of installed capacity, located in the state of Piauí.
Serena (SRNA3)
Serena has started operations of the Goodnight 1 wind project in Texas, its first venture in Ercot, the largest energy market in the United States. Goodnight 1 has an installed capacity of 265.5 MW, its 59 Vestas turbines are fully assembled and are expected to reach full commercial operation by the end of the year, when it will produce renewable energy capable of powering over 60,000 homes in that market. The project had a CAPEX of approximately US$300 million, and expansions may be launched in the coming years, as demand for renewable energy continues to grow in the US.
Cruzeiro do Sul (CSED3)
Cruzeiro do Sul (CSED3) reported that the payment date for the interim dividends announced on November 24, 2023, will be advanced from December 19 to December 8, 2023. All holders of ordinary shares issued by the company as of November 14, 2023, will be entitled to receive the dividends.
Pague Menos (PGMN3)
The Board of Directors of Pague Menos (PGMN3) has started the transition process for the position of Chief Executive Officer of the company, indicating Jonas Marques as the successor to Mário Queirós, after 8 years in the position. The transition process will begin on January 4, 2024, when the new CEO will take office, concluding on April 4, 2024. After the transition is completed, Queirós will be nominated to serve on the board of directors of Pague Menos.
Americanas (AMER3)
Banco Safra, which did not sign the agreement made between Americanas and creditor banks in November, has once again attacked and questioned the legality of the judicial recovery plan (PRJ) of the retail chain. In a 44-page petition this Monday, 4, in court, obtained by Broadcast (real-time news system of Grupo Estado), it asks for the annulment of the plan and states that the agreement with creditors contains five attempts at fraud. The PRJ covers civil, accounting, and criminal illicit acts, highlights the petition of Safra’s lawyers, who have R$2.5 billion to recover from the retail group. According to the lawyers, the clear goal of Americanas, in rushing to approve the plan at the end of 2023, is to seek exclusive tax benefits for the retail chain and financial institutions complicit in the fraud. The creditors’ assembly is scheduled for the 19th of this month. In the petition, Safra’s lawyers question serious illegalities and argue that they may nullify the entire PRJ of Americanas. At this point, they mention five attempts at fraud covered in the agreement made with the creditors – Bradesco, Santander, BTG Pactual, and Itaú Unibanco.
Helbor (HBOR3)
The Board of Directors of Helbor (HBOR3) elected Leonardo Fuchs Piloto for the positions of financial director and investor relations of the company, replacing Roberval Lanera Toffoli, who has temporarily held the positions since October 4, 2023. Leonardo took office this Monday (4) for a term that will extend throughout the remainder of the current board’s term – that is, until the first meeting of the Board of Directors following the ordinary general assembly that will deliberate on the financial statements to be concluded on December 31, 2024, to be held on May 15, 2025.
Unigel
Unigel Participações signed an agreement last Friday, 1, for the sale of 100% of the shares of Plastiglás de México to Grupo Verzatec through one of its subsidiaries. The sale process aligns with Unigel’s capital structure reorganization plan, as informed through a Market Communication published on June 5, 2023, which involves, among other things, negotiations with our main creditors and M&A operations in specific assets.
Priner (PRNR3)
Priner (PRNR3) reported that Alpha Key Capital Management Investments has altered its stake, now holding ordinary shares that represent approximately 5.22% of the total ordinary shares of the company, increasing its participation.
PDG (PDGR3)
The company received electronic correspondence from Breof Empreendimentos Residenciais II Ltda., informing of the acquisition of a shareholding in the Company, now holding 6,791,011 ordinary shares, equivalent to approximately 8.73% of the Company’s share capital. Source: Info Money
Seja o primeiro a reagir!