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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These funds “are not part of any agreement regarding the exercise of voting rights or the buying and selling of securities issued” by Dommo.
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.
Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of military, security, industry, oil and gas, energy, shipbuilding, geopolitics, jobs, and courses. Contact flaviacamil@gmail.com or WhatsApp +55 21 973996379 for corrections, editorial suggestions, job vacancy postings, or advertising proposals on our portal.
