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Highlights from the corporate news: relevant shareholding change, connectivity platform, installed capacity, transition process, readjustment plan, shareholding.
This Tuesday's corporate radar (5) highlights PRIO's daily production in the month of November (PRIO3). AGE Additionally, Lojas Renner (LREN3) announced a relevant shareholder change. Zamp (ZAMP3) decided to unify the requests of Mar Absoluto Master and MC Brazil F&B Participações, a company that is part of the Mubadala Capital group, in a single extraordinary general meeting. The corporate meeting will be attended by representatives from the companies Cruzeiro do Sul, Helbor, Pay less, PDG Realty, Serena, SLC Agrícola, Valid and will also be covered by Radar InfoMoney.
AGE
Eletrobras (ELET3) sold a stake in SPEs in the Chapada do Piauí complex. Serena (SRNA3) began operations of the Goodnight 1 wind project in Texas. Valid sold a stake in an Irish company to Softbank and reinforced its focus on Brazil. Cruzeiro do Sul (CSED3) brought forward the payment of dividends to next Friday. Helbor (HBOR3) elected Leonardo Fuchs Piloto as financial and investor relations director. Pague Menos (PGMN3) elected Jonas Marques to occupy the CEO position from January Check out more highlights:
Extraordinary General Assembly (AGE)
Prio (PRIO3) reported that daily production in November reached 99.313 barrels of oil equivalent per day (boed) while total oil sales reached 2.094.088 barrels. Real timeIbovespa Live: check out what moves the stock market, dollar and interest ratesNY indices fall before US employment data According to the company, the Frade field was impacted by two production stoppages due to instabilities in the instrumentation system.
- Porto do Açú – São João da Barra/RJ: with an incredible 130 km², the Brazilian port will receive an additional R$22 BILLION in the next 10 years. 40% of oil exports leave through Açú
- Less home office and more face-to-face at Petrobras! State-owned company's decision causes protest: do workers deserve to work from home?
- Petrobras and Brazil excited: oil discovery in Africa could indicate the existence of a possible 'pre-salt successor' in Brazil
- US sanctions on Iran send oil prices soaring as China seeks alternatives amid global supply crunch
Renner Stores (LREN3)
Lojas Renner (LREN3) disclosed that the Goldman Sachs group and the funds managed by the bank carried out operations that resulted in a derivatives position with financial settlement equivalent to 48.327.761 ON shares of the company or a share of 5,02%.
Zamp (ZAMP3)
Zamp decided this Monday to unify the requests of Mar Absoluto Master Fundo de Investimentos and MC Brazil F&B Participações SA, a company that is part of the Mubadala Capital group, in a single extraordinary general meeting (AGE). The agendas requested by Mar Absoluto are included in the meeting on January 3rd. Therefore, following requests made by both groups of shareholders, in order to reduce possible uncertainties and volatility during the period between one EGM and another, the board of directors decided that the unification of all matters of both requests in a single meeting serves all of the company's shareholders. Still according to the decision, shareholders will therefore have the opportunity to evaluate the entire context, considering all the variables and the consequences of each proposed item.
Valid (VLID3)
Valid if prepares to pocket 32,1 million euros (R$ 171,95 million) with the sale of 67,5% of its stake minority stake in Cubic Telecom, an Irish connectivity platform company. The value exceeds by more than three times the company's initial investment in the business, of 10 million euros, made in 2017. The buyer is the Japanese conglomerate Softbank, which acquired a total of 51% of Cubic's capital, including shares from other company shareholders, such as Qualcomm and Cariad, Volkswagen's software arm. Valid had a 6% stake and, under the agreement, will maintain the remaining stake in the business for the next two years. Until then, the company will decide whether to remain or completely exit the investment. Cubic presents itself as a leader in IoT connection software (acronym in English for internet of things) for automotive vehicles, including agricultural machinery. It is present in more than 190 countries, predominantly in the European market and with 17 million connected devices, according to data available on the company's website. It was valued at 900 million euros in the transaction with Softbank, which will pay 473 million for control of the business and will have rights to three seats on the board of directors.
Eletrobras (ELET3;ELET6)
Eletrobras (ELET3;ELET6) signed a contract with Infraestrutura Brasil Holding XX, a company controlled by funds managed by Pátria Investimentos, for the sale of 49% in the share capital of Special Purpose Companies (SPEs) Chapada do Piauí. The interests in these assets held for sale were accounted for at R$222 million in 3Q23 and in 2022 they generated an equity income loss of R$9,8 million. The remaining aspects of the transaction are covered by confidentiality clauses. The wind complexes are made up of a total of 15 SPEs, totaling 377,5 MW of capacity installed, located in the state of Piauí.
Serena (SRNA3)
Serena has begun operations at the Goodnight 1 wind project in Texas, its first venture into Ercot, the largest energy market in the United States. Goodnight 1 has an installed capacity of 265,5 MW, its 59 Vestas turbines are fully assembled and are expected to reach full commercial operation by the end of the year, when it will produce renewable energy capable of supplying more than 60.000 homes in that market. The project had a CAPEX of approximately US$300 million and expansions could be launched in the coming years as demand for renewable energy continues to grow in the US.
Cruzeiro do Sul (CSED3)
Cruzeiro do Sul (CSED3), informed that the payment date for interim dividends announced on November 24, 2023, will be brought forward from December 19 to December 08, 2023. All holders will be entitled to receive the dividends of common shares issued by the company on November 14, 2023.
Pay Less (PGMN3)
The Pague Menos Board of Directors (PGMN3) began the transition process to the position of Chief Executive Officer of the company, appointing Jonas Marques as successor to Mário Queirós, after 8 years in the position. The transition process will begin on January 4, 2024, when the new CEO will take office, concluding on April 4, 2024. After the end of the transition, Queirós will be appointed to join the board of directors of Pague Menos.
American (AMER3)
Banco Safra, which did not sign the agreement signed between Americanas and creditors in November, went on the attack again and questioned the legality of the retail chain's judicial recovery plan (PRJ). In a 44-page petition this Monday, the 4th, in court, obtained by Broadcast (Grupo Estado's real-time news system), it asks for the plan to be annulled and says that the agreement with creditors involves five attempts at fraud. The PRJ covers up civil, accounting and criminal offenses, highlights the petition from Safra's lawyers, which has R$2,5 billion to receive from the retail group. For lawyers, the clear objective of Americanas, in running a race and trying to approve the plan by forceps at the end of 2023, is due to the search for exclusive tax benefits, for the retail network itself and financial institutions colluding with the fraud. The creditors' meeting is scheduled for the 19th of this month. In the petition, Safra's lawyers question serious illegalities and argue that they could nullify Americanas' entire PRJ. At this point, they mention five attempted frauds covered up in the agreement signed between the creditors – Bradesco, Santander, BTG Pactual and Itaú Unibanco.
Helbor (HBOR3)
The Board of Directors of Helbor (HBOR3) elected Leonardo Fuchs Piloto to the positions of financial and investor relations director of the company, replacing Roberval Lanera Toffoli, who has temporarily held the positions in question since October 4, 2023. Leonardo took office this Monday (4) for a mandate that will extend for the remainder of the board's current term of office - that is, until the first meeting of the Board of Directors following the ordinary general meeting that deliberates on the financial statements to end in December 31, 2024, to be held on May 15, 2025.
Unigel
Unigel Participações signed an agreement last Friday, 1, for the sale of 100% of the shares of Plastiglás de México to Grupo Verzatec through one of its subsidiaries. The sale process is in line with Unigel's capital structure readjustment plan, as informed through a Notice to the Market published on June 05, 2023, which involves, among others, negotiations with our main creditors and M&A in specific assets.
Priner (PRNR3)
Priner (PRNR3) informed that Alpha Key Capital Management Investimentos changed its participation, now holding common shares that represent approximately 5,22% of the company's total common shares, increasing its participation.
PDG (PDGR3)
The company received electronic correspondence from Breof Empreendimentos Residencials II Ltda., informing the acquisition of a shareholding in the Company, now holding 6.791.011 common shares, equivalent to approximately 8,73% of the Company's share capital. Source: InfoMoney
