After PetroRio Announces Acquisition of Dommo, Former Company of Eike Batista, Prisma Becomes Holder of 286.4 Million Shares of the Oil Company and OGX Shares Plunge to R$ 1.67!

Written by Flavia Marinho

Published on 08/09/2022 at 11:16

Eike Batista o homem que foi considerado pela Forbes o sétimo mais rico do mundo – Imagem Wordfinance

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PetroRio Shares Soar After Announcing Purchase of Dommo, Oil Company Previously Owned by Eike Batista. Meanwhile, OGX Shares Plummet After the Surge of Over 200% This Year!

Dommo Energia, the former OGX of ex-billionaire Eike Batista, announced in a material fact to the market on September 5, that vehicles under discretionary management of Prisma Capital and its affiliates became holders of 56.2% of its share capital, equivalent to 286.4 million shares of the company.

According to Dommo’s announcement, the transaction with the former OGX of Eike Batista took place last Monday (5), and the acquisition does not aim to alter the control composition or the administrative structure of the company.

In addition, according to the announcement, Prisma’s funds do not hold subscription bonuses, subscription rights, call options, convertible debentures in shares of Dommo, or derivatives referenced in shares issued by the company.

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PetroRio Purchases Dommo and Sees Its Shares Skyrocket on the Stock Exchange

Remembering that PetroRio, or rather PRIO, celebrated last Thursday (01) the memorandum with Prisma Capital for the purchase of the oil company that belonged to businessman Eike Batista.

The transaction involves a stock swap. For each common share of Dommo, shareholders will receive 0.05 common share of PRIO or R$ 1.85, a 6% premium over the closing of the last session.

After the market became aware of the transaction between the oil companies, PRIO shares soared on the stock exchange, ranking among the highest gains on the Ibovespa, while the shares of the former OGX of Eike Batista plummeted to R$ 1.67, representing a decline of 4.02%, following the surge of over 200% this year, amid expectations of the company’s sale.

After PetroRio Announces Acquisition of Dommo, Former Company of Eike Batista, Prisma Becomes Holder of 286.4 Million Shares of the Oil Company and OGX Shares Plunge to R$ 1.67!

PetroRio Shares Soar After Announcing Purchase of Dommo, Oil Company Previously Owned by Eike Batista. Meanwhile, OGX Shares Plummet After the Surge of Over 200% This Year!

PetroRio Purchases Dommo and Sees Its Shares Skyrocket on the Stock Exchange

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After PetroRio Announces Acquisition of Dommo, Former Company of Eike Batista, Prisma Becomes Holder of 286.4 Million Shares of the Oil Company and OGX Shares Plunge to R$ 1.67!

PetroRio Shares Soar After Announcing Purchase of Dommo, Oil Company Previously Owned by Eike Batista. Meanwhile, OGX Shares Plummet After the Surge of Over 200% This Year!

PetroRio Purchases Dommo and Sees Its Shares Skyrocket on the Stock Exchange

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While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

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