Manager Sells Shares of 3R Petroleum: Check It Out!

Written by Paulo Nogueira

Published on 28/01/2024 at 10:22

Updated on 28/01/2024 at 10:23

O BTG Pactual WM vendeu ações da petroleira 3R Petroleum (RRRP3), de forma que atingiu participação equivalente a 4,78% do capital social da companhia, – Todos os direitos: MoneyTimes

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The manager BTG Pactual WM completed the sale of shares of the oil company 3R Petroleum, resulting in a stake equivalent to 4.78% of the company’s share capital, according to a document released last Friday (26). On January 25, the manager began to hold 11,474,729 common shares issued by 3R. Another billion-dollar deal from Vivo (VIVT3): Understand how a capital reduction of R$ 1.5 billion could end up in the pockets of the company’s shareholders, and whether it’s worth holding the shares to receive a slice; Just watch the Market Giro below: Furthermore, BTG Pactual WM clarified that: the stake in the oil company aims solely to conduct financial operations; it does not aim to change the control composition or the administrative structure of the company; and it has no intention to acquire any particular equity stake, with it being certain that the economic rights related to the shares issued by the company subject to the aforementioned operations remain predominantly under the ownership of the counterparties of these operations.

BTG Pactual WM, the manager responsible for the sale of shares of 3R Petroleum, clarified that the equity stake aims solely to conduct financial operations, without the intention of altering the control composition or the administrative structure of the company. In addition, the manager has no intention of acquiring any particular equity stake, maintaining the economic rights related to the shares issued by the company. This stance from the manager reinforces its commitment to transparency and responsible investment strategies.

Manager BTG Pactual WM Increases Equivalent Stake in 3R Petroleum

The manager BTG Pactual WM increased its equivalent stake in 3R Petroleum through the correspondence sent to the company. The manager acquired more common shares of 3R Petroleum, thus raising its share capital in the company.

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BTG Pactual WM now holds a larger stake in 3R Petroleum, reinforcing its positioning as a significant shareholder in the company. This movement strengthens the manager’s strategy to invest in companies with growth potential and long-term appreciation.

With this initiative, BTG Pactual WM demonstrates its confidence in the oil and gas sector, as well as in 3R Petroleum as a company with good prospects for return for its investors.

This action may also positively impact the development of 3R Petroleum, enabling new investments and expansion opportunities. BTG Pactual WM, through this acquisition of shares, reinforces its commitment to the sustainable development and growth of the companies in which it invests.

Additionally, 3R Petroleum will be able to count on the support of BTG Pactual WM in its business strategy and the pursuit of growth and consolidation opportunities in the oil and gas market. This partnership is likely to bring mutual benefits, strengthening the interests and objectives of both parties involved.

Source: MoneyTimes

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Manager Sells Shares of 3R Petroleum: Check It Out!

Manager BTG Pactual WM Increases Equivalent Stake in 3R Petroleum

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Manager Sells Shares of 3R Petroleum: Check It Out!

BTG Pactual WM Sold Shares of 3R Petroleum, Achieving a 4.78% Stake in the Company’s Share Capital.

Manager BTG Pactual WM Increases Equivalent Stake in 3R Petroleum

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Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

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