Government Could Raise R$ 1.57 Trillion With Sale of Vale Debentures

Written by Paulo Nogueira

Published on 05/06/2019 at 01:00

Updated on 05/06/2019 at 07:40

Seja o primeiro a reagir!

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.

ARTICLE CONTINUES BELOW

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).

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Government Could Raise R$ 1.57 Trillion With Sale of Vale Debentures

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

Petrobras Divestment Program

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Government Could Raise R$ 1.57 Trillion With Sale of Vale Debentures

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

Petrobras Divestment Program

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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Farmers are eliminating water scarcity in the fields, reviving springs, restoring degraded areas, and strengthening agriculture with over 48,000 seedlings planted in 33 hectares of degraded land, through a sustainable project that reduced expenses by up to 60% in energy and water consumption.

A couple of Brazilians drives a motorhome with a Brazilian license plate through the 4th poorest country in the world, crosses the border into Tanzania paying $90 in cash and nearly falls for a mandatory insurance scam.

Hong Kong leads the ranking of the most expensive fuel in the world and is suffering from a global crisis.

A 183-million-year-old fossil shines like gold inside black rock in Germany, but a microscope revealed that the golden shine is not pyrite as everyone believed for decades: it is phosphate, and the difference changes everything.

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