Petrobras (PETR4) renegotiates refinery agreement with Cade, Yduqs (YDUQ3) sets JCP payment date.

Be sure to check out the main highlights of this Wednesday's corporate news (29), staying up to date with all the relevant information from the business world. Make sure you are up to date and well informed about market news.

The Pantanal region, on the border between Brazil, Paraguay and Bolivia, has suffered intense impacts from changes climatic, according to a report from the Reuters news agency. In recent years, the region has experienced a significant increase in the number of fires, which has caused irreparable damage to local biodiversity and ecosystems.

Furthermore, decreased rainfall in the region has contributed to reduced water levels in rivers, affecting wildlife and local communities that depend on these natural resources. The preservation of the Pantanal has become an urgent concern due to the impacts of climate change.

It is expected that preservation measures and awareness about the importance of this ecosystem will be implemented to mitigate the impacts of climate change in the Pantanal region.

The project had started to partially operate in March 2023, as announced by the company at the time. Since then, the project had 66% of the Permitted Annual Revenue (RAP) in operation.

Company Isa CTEEP took over the complete operation of lot 21 of the 2nd stage of transmission auction 013/2015, which took place in October 2016. On November 27, 2023, it obtained the Provisional Release Term (TLP) from the National Electric System Operator (ONS) for the IE Itaúnas Static Compensator.

ISA CTEEP (TRPL4)

Company ISA CTEEP (TRPL4) announced that the Static Compensator at SE João Neiva 2 of IE Itaúnas, a 100% subsidiary of the company located in the municipalities of Itaúnas and Viana, in Espírito Santo, entered full commercial operation.

As per informationactions relevant, the conditions offered for the Fusion desired by eneva are not attractive to Vibra shareholders.

The proposal rejected by Vibra involved the Fusion by actions da eneva with the distributor, or the creation of a new structure agreed between the companies, so that, at the end of the process, the shareholders of each company would have 50% of the actions of the combined company. However, this proposal was not accepted by the company's shareholders. Vibra.

The proposal was rejected due to its lack of attractiveness for the company's shareholders. Vibra.

The news was released on Tuesday night.

Rubens Menin Teixeira's consolidated shareholding, both direct and indirect in the company, remains unchanged, totaling 36,04%. This participation is also exercised through the Challenger Investment Fund in Share and Conedi Participactions, whose sole investors are RMTS and its successors.

The Board of Directors of Vibra (VBBR3) rejected an unsolicited business combination proposal made by eneva (ENEV3) to the company last Sunday (26). They believe that the proposed exchange relationship is unjustifiable. **Rubens Menin Teixeira's shareholding in the company remains unchanged, representing 36,04%.**

Debt securities will have a maturity period of five years from the date of issue. Remunerative interest corresponds to 100% of the accumulated variation in the DI Rate, with a surcharge of 2,55% per year pro rata temporis on the balance of the Market Unit Nominal.

Investor Rubens Menin Teixeira sold 825.537 actions issued by Log Commercial Properties (LOGG3) and now holds 4,83% of actions from the company.

According to Noberto Nogueira Pinheiro Jr., the top executive in charge of Relactions with Investors in Pine Bank, the increase is the outcome of constant attention to sustainable and varied development, both in terms of obtaining income and the creation of new areas of activity, added to the strategy effective functioning and the excellence in capital distribution that the Bank has demonstrated.

In shapeactions on Even (EVEN3)

The steering committee of Even (EVEN3) gave the approval for the 16th issue of debentures, totaling R$ 200 million, respecting the value minimum of R$150 million for registration. 200.000 debentures will be issued, with value nominal unit of R$ 1.000,00, which will not be monetarily adjusted.

The risk rating agency S&P Global Ratings granted to Pine Bank o rating long-term issuer credit rating 'brA-' on the Brazilian National Scale. According to the agency, the assessment is based on the perception that the Pine Bank has been successful in implementing its strategy.

The attribution of the rating was motivated by the resumption of results positive, with increases in profits coming mainly from expansion in the collateralized retail sector, in addition to other already established business areas, such as operationsactions structures, treasury and customer desk. **These factors contributed to obtaining the rating.**

Company Infracommerce CXaaS (IFCM3) released the performance achieved during Black Friday 2023, one of the biggest Evenonline retail sales figures in Brazil.

In the period from November 23 to 26, 2023, the company recorded a 37% increase in GMV (Gross Merchandise Volume) in the Brazilian market, compared to the same period of the previous year.

Shareholders who owned actions The Company's common shares on the base date of August 18, 2023 will be entitled to dividends, inclusive. From August 21, 2023 inclusive, the actions of the Company were negotiated ex-dividends.

Orbis Investment Management Limited and affiliated entities reported that their relevant shareholding reached approximately 10,00% of the total actions common shares issued by the Company.

YDUQ3 – Yduqs

Company Yduqs (YDUQ3) announced that the payment of the dividends for the current fiscal year, which were approved in advance at the Board of Directors meeting on August 9, 2023, will be paid on December 5, 2023.

O value The total amount to be paid will be R$80 million, which corresponds to approximately R$0,274930192 per common share of the Company.

These dividends will be paid in cash.

The commitments established that the oil company would follow a plan to divest itself of all its oil refineries located outside the states of Rio de Janeiro and São Paulo, along with its natural gas transportation and distribution assets.

A Petrobras fulfilled the agreement by selling only the Rlam, Reman, SIX and Lubnor units.

However, in relation to Lubnor, the company terminated the sales contract claiming that the preconditions were not met within the established period, which is denied by the buyer.

The new command of Petrobras has reiterated its opposition to the sale of goods, in contrast to previous administrations, which emphasized oil exploration and production in profitable regions.

These conditions were established around 2019 and were part of a broad effort by the federal government at the time to reduce the participation of Petrobras in the oil and gas sector, opening space for new companies and attracting more investment .

In the request for renegotiation sent last Friday and included in the process, the oil company reaffirmed that its new Strategic Plan 2024-2028, released last week, the first under the current government of Luiz Inácio Lula da Silva, includes substantial contributions in these assets.

The company also informed Cade that its purpose is to “operate in a competitive and safe manner, maximize the use of value through the modernization and improvement of our industrial infrastructure and the supply and logistics chain”, in addition to seeking self-sufficiency in derivative products, through vertical integration. **This is a priority for the future of Petrobras**.

See more highlights:

Petrobras (PETR4/PETR3)

A Petrobras registered with Cade requestactions to renegotiate the terms agreed with the government of Jair Bolsonaro, which required the sale of oil refining and natural gas transportation and distribution assets by the company.

Company ISA Cteep (TRPL4) completed full commercial operation of IE Itaúnas.

Company Vibra (VBBR3) stated that the exchange ratio proposed by eneva (ENEV3) for Fusion is “unjustifiable”, however, it maintains the possibility of negotiationactions future.

On today's corporate radar, Petrobras (PETR4) requested the Administrative Council for Economic Defense (CADE) to review the Refining and Gas Cessation Commitment Terms (TCCs), which were agreed in June and July 2019.

A Yduqs (YDUQ3) announced that it is scheduled for December 5, 2023 payment full dividends in the amount of R$80 million.

In other news, Orbis announced that its relevant shareholding reached approximately 10,00% of the total actions common shares issued by the Company.

Source: InfoMoney