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BTG Pactual WM sold shares in 3R Petroleum, reaching a 4,78% stake in the company's share capital.
The manager BTG Pactual WM sold shares in 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 started to hold 11.474.729 common shares issued by 3R. Another billion-dollar windfall 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 having the shares to receive a slice; Just watch the Market Turn below: Furthermore, BTG Pactual WM clarified that: the shareholding in the oil company is intended for the mere carrying out of financial operations; does not aim to change the composition of control or the administrative structure of the company; and has no objective of achieving any particular shareholding, given that the economic rights relating to the shares issued by the company subject to the above-mentioned operations continue to be predominantly owned by the counterparties of these operations.
BTG Pactual WM, the manager responsible for the sale of shares in 3R Petroleum, clarified that the shareholding is intended to merely carry out financial operations, with no intention of changing the composition of control or the administrative structure of the company. Furthermore, the manager has no objective of achieving any particular shareholding, maintaining the economic rights relating to the shares issued by the company. This stance by the manager reinforces its commitment to transparency and responsible investment strategies.
BTG Pactual WM Manager increases equivalent stake in 3R Petroleum
The manager BTG Pactual WM increased its equivalent stake in 3R Petroleum through the correspondence sent the company. The manager acquired more common shares in 3R Petroleum, thus increasing its capital in company.
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BTG Pactual WM now holds a larger stake in 3R Petroleum, reinforcing its position as a relevant shareholder in the company. This move reinforces the manager's strategy of investing in companies with long-term growth and appreciation potential.
With this initiative, the manager BTG Pactual WM demonstrates its confidence in the oil and gas sector, as well as in 3R Petroleum as a company with good return prospects for its investors.
This action can also positively impact the development of 3R Petroleum, enabling new investments and expansion opportunities. The manager BTG Pactual WM, through this acquisition of shares, reinforces its commitment to the development and sustainable growth of the companies in which it invests.
Furthermore, 3R Petroleum will be able to count on the support of the manager BTG Pactual WM in its business strategy and in the search for growth and consolidation opportunities in the oil and gas market. This partnership tends to bring mutual benefits, strengthening the interests and objectives of both parties involved.
Source: moneytimes
