Check Out The Main Highlights Of The Business News This Tuesday (24).
The Intelbras (INTB3) announced a cooperation agreement with FiberHome, aiming to seek leadership in the internet service provider market. With this partnership, Intelbras will incorporate FiberHome’s product line into its portfolio, offering a complete solution to customers and seeking an even greater presence in the segment.
In other news, the BrasilAgro (AGRO3) assembly approved the payment of dividends amounting to R$ 3.21 per share. This payment will be made within 30 days. This measure aims to benefit the company’s shareholders.
The WEG (WEGE3) announced the acquisition of 45% of Bewind, a German company specialized in energy generation technology. This acquisition is part of WEG’s growth strategy in the energy generation, transmission, and distribution sector. Additionally, the company reported its results, showing a net profit of R$ 1.31 billion in the third quarter of 2023, a 13.3% increase compared to the same period last year.
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Canadians are disappearing from the United States: The US feels the absence of Canada financially, while hotels, casinos, and tourist destinations try to attract visitors back with promotions.
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WEG from Jaraguá do Sul was awarded in New York for strengthening relations between Brazil and the United States, employs over 2,250 people in American territory, operates 10 factories and 9 distribution centers in the country, and boosts the energy infrastructure of the U.S. with locally manufactured products and solutions.
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Unclaimed funds will enter a new phase this Tuesday: banks must send funds to the government, while R$ 10.5 billion in idle funds could help finance Desenrola 2.0 and ensure debt renegotiation within the financial system.
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Lula scraps the blouse tax, and international purchases up to US$50 are exempt from federal tax, but ICMS is still on the radar.
In the banking sector, Santander Brasil (SANB11) recorded a recurring net profit of R$ 2.729 billion in the third quarter of this year. There was a 12.6% decrease compared to the same period last year; however, compared to the second quarter of this year, there was an 18.2% increase. These results are in line with analysts’ expectations.
Another company that reported its results was Klabin (KLBN11), which showed a net profit of R$ 1.31 billion in the third quarter of 2023. This amount represents a 13.3% increase compared to the same period last year. Furthermore, the company recorded an Ebitda of R$ 1.74 billion, nearly an 11% growth compared to the third quarter of 2022.
Carrefour Brasil (CRFB3) experienced a 3.9% drop in consolidated sales in the third quarter of 2023 compared to the same period last year. This decline was due to the performance of Atacadão and Carrefour Retail excluding gasoline. On the other hand, Sam’s Club registered a 2.0% increase in sales.
Intelbras (INTB3) announced a cooperation agreement with FiberHome, a leading company in providing products and solutions for the global telecommunications market and network infrastructure. With this agreement, Intelbras will incorporate FiberHome’s product line into its portfolio, initially focusing on the internet service provider market. This partnership will allow Intelbras to offer a complete solution to customers, with specialized support and high technology for projects of all sizes.
Karsten announced the start of organizational changes, aiming to transition the position of Chief Executive Officer of the Company starting January 1, 2024. The current Chief Executive Officer, Armando Cesar Hess de Souza, will begin his exit from the Company’s management, remaining in the position until December 31, 2023. The role of Chief Executive Officer will be assumed by Márcio Luiz Bertoldi, the current Retail Director.
Gafisa received notification from a shareholder informing the acquisition of 4.1 million shares of the company, representing 6.5% of the construction firm’s capital. The shareholder, Pedro Cardoso Novellino, indicated that the investment is minority and has no intention of altering Gafisa’s control composition or structure.
The Nissei network won the auction process for the Isolated Productive Unit (UPI) consisting of up to 51 pharmacy points under the trade name “Poupafarma,” located in the State of São Paulo. This acquisition is subject to meeting certain conditions and the judicial process.
Despite challenges in obtaining environmental licenses in the Amazon River Basin, Petrobras (PETR4) will remain focused on exploring the Equatorial Margin over the next five years. The state-owned company plans to drill 16 exploratory wells by the end of 2027, which represents a one-year reduction from the previous forecast. The Equatorial Margin is considered the region with the greatest exploration potential in the country.
These are the main highlights of the corporate radar this Tuesday. Stay tuned for market movements and news related to these companies and sectors.

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