Goldman Sachs Increases Stake in Brazilian Oil Company: Find Out Which One

Written by Paulo Nogueira

Published on 05/01/2024 at 20:20

O Goldman Sachs elevou participação acionária na Prio (PRIO3) para 5,13%, mostra documento enviado ao mercado nesta sexta-feira (5). Segundo o comunicado, – Todos os direitos: MoneyTimes

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Goldman Sachs Increases Shareholding in Prio to 5.13%. Announcement Sent to the Market This Friday.

The increase in Goldman Sachs’ shareholding in Prio (PRIO3) to 5.13% was announced this Friday (5) in a document sent to the market. With this operation, the bank now holds 45.7 million common shares of the Brazilian oil company through a position in derivatives with cash settlement. According to the announcement, this minority investment does not imply any changes in the composition of the controlling shareholder or in the administrative structure of the company. This movement comes two weeks after Goldman announced a reduction in its shareholding in the company.

Regarding Prio’s production in 2023, the Brazilian oil company reached the mark of 100.3 thousand barrels of oil equivalent per day (boepd) in the fourth quarter of last year, representing a slight increase compared to the third quarter. Only in December, the company recorded a production of 101.5 thousand boepd. With the complete data from December, the company achieved an average daily production of 88 thousand barrels of oil in 2023, consolidating its role as one of the leading companies in the sector.

Brazilian Oil Company Announces Increase in Shareholding in Prio (PRIO3)

The Brazilian oil company issued a statement informing of the increase in its shareholding in the company Prio (PRIO3) in the market of operation. According to the document, the company made a significant minority investment, demonstrating its confidence in the company’s growth potential.

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With this increase in shareholding, the Brazilian oil company reinforces its commitment to the market and signals its interest in seizing investment opportunities in the area of oil production. Additionally, the company expects to secure a strategic position in the market, aiming not only for profitability from dividends but also to strengthen its presence in the sector.

The operation represents an important step for the Brazilian oil company, which seeks to expand its activities and diversify its investments. The company emphasizes that the decision to increase its shareholding in Prio (PRIO3) aligns with its growth strategy and long-term vision for the oil and energy market.

With this movement, the Brazilian oil company reaffirms its commitment to Prio (PRIO3) and strengthens its position as an important player in the energy sector. The company highlights that it will continue to seek investment opportunities that add value to its portfolio and enhance its presence in both the national and international markets.

Source: MoneyTimes

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Goldman Sachs Increases Stake in Brazilian Oil Company: Find Out Which One

Goldman Sachs Increases Shareholding in Prio to 5.13%. Announcement Sent to the Market This Friday.

Brazilian Oil Company Announces Increase in Shareholding in Prio (PRIO3)

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Goldman Sachs Increases Stake in Brazilian Oil Company: Find Out Which One

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Brazilian Oil Company Announces Increase in Shareholding in Prio (PRIO3)

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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