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The Decree Published in the Official Gazette of the Union This Tuesday, June 4, Included More Than 141.7 Million Debentures from Vale in the National Privatization Program
The government will sell Vale’s private credit securities under the National Privatization Program, with the debentures valued at R$ 2.5 billion. The decree was published this Tuesday, June 4, in the Official Gazette of the Union. The suggestion to sell the papers was approved by the Board of the Partnerships and Investments Program (PPI) last month and needed to be confirmed by the President of the Republic, Jair Bolsonaro.
In May of this year, the PPI also decided to include 59 new projects in the list of ventures to be granted to the private sector in the coming years.
Authorization for the concession of highways, railways, ports, waterways, airports, transmission lines, oil and gas reserves was granted.
The inclusion of minority shareholding held by the Union in the capital stock of IRB-Brasil Resseguros was also submitted for approval by our president, Jair Bolsonaro.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
The Union’s equity portfolio in IRB, based on the closing price of April 29, has a market value of approximately R$ 3.5 billion.
The current government believes that, in the next 10 years, up to R$ 1.57 trillion will be raised.
The decree published today designates the National Bank for Economic and Social Development (BNDES) as responsible for the execution and monitoring of the sale of Vale’s debentures.
Debentures are private credit securities used by companies to finance their projects. The information comes from Agência Brasil.
Petrobras Divestment Program
Petrobras’ onshore fields in Bahia are on borrowed time. 22 onshore fields have just entered the list of the company’s divestment program assets.
Petrobras’ intention is to divest from all its holdings in the Recôncavo and Rio Ventura fields.
The announcement was made on the afternoon of this Monday, June 3, and the divestment also involves shared infrastructure for production flow and treatment in the fields.
Aligned with the line of thinking of the new president of Petrobras, Roberto Castello Branco, who stated that Petrobras will prioritize its main business, which is Exploration and Production (E&P).
Odebrecht Fails in Attempt to Sell Braskem and Can’t Raise Cash!
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