Caixa Raises R$ 7.3 Billion With Sale of Petrobras Shares

Written by Paulo Nogueira

Published on 26/06/2019 at 16:33

Updated on 26/06/2019 at 19:06

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Decision to Divest Petrobras Shares, According to the Public Bank, Reflects a Strategy to Reduce Dependence on National Treasury Resources

The Federal Savings Bank raised R$ 7.3 billion with the sale of 241.3 million ordinary shares of Petrobras, two sources with knowledge of the matter stated this Tuesday, June 25. The shares were priced at R$ 30.25, with a 1.5% discount on the closing price today of R$ 30.70.

The decision to divest shares of the state company reflects both Caixa’s strategy to reduce its dependence on National Treasury resources and pressure from the Ministry of Economy for public banks to start repaying the funds received, which amount to R$ 40 billion in the case of Caixa.

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Petrobras Will Pay R$ 7.5 Billion to the Municipality of Itaboraí for Suspending Comperj Works

Petrobras is expected to finalize, by September of this year, a Conduct Adjustment Term (TAC) to compensate the municipality of Itaboraí for the damage caused by the suspension of the works of the Rio de Janeiro Petrochemical Complex (Comperj) in 2015.

The agreement, which is expected to be approximately R$ 7.5 billion, was announced in a public hearing held this Monday, June 24, by the Parliamentary Inquiry Commission (CPI) installed in the Legislative Assembly of the State of Rio de Janeiro (Alerj) to investigate the fiscal crisis in the state.

More Qualification! The City of Quissamã, through the municipal department of Economic Development, Labor, and Tourism, will offer 100 spots for the Professional Qualification course in the offshore area for CBSP and HUET.

Caixa Raises R$ 7.3 Billion With Sale of Petrobras Shares

Decision to Divest Petrobras Shares, According to the Public Bank, Reflects a Strategy to Reduce Dependence on National Treasury Resources

Petrobras Will Pay R$ 7.5 Billion to the Municipality of Itaboraí for Suspending Comperj Works

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

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Caixa Raises R$ 7.3 Billion With Sale of Petrobras Shares

Decision to Divest Petrobras Shares, According to the Public Bank, Reflects a Strategy to Reduce Dependence on National Treasury Resources

Petrobras Will Pay R$ 7.5 Billion to the Municipality of Itaboraí for Suspending Comperj Works

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

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The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.