The corporate news this Monday (06) highlights the restricted offer of PetroRecôncavo shares (RECV3), which can turn up to R$ 2.171 billion, at the price of the last trading session, last Friday (3), of R$ $27.42.
Also highlighted, a legal dispute involving Furnas may affect the public offering of Eletrobras shares (ELET3;ELET6), which aims to privatize the electric company.
Petrobras (PETR3; PETR4) released the teaser referring to the sale of its entire 18.80% stake in the company UEG Araucária.
Check out the highlights:
The meeting of Furnas debenture holders scheduled for this Monday was suspended by a decision of the Court of Justice of the State of Rio de Janeiro (TJ-RJ). The judge on the judicial duty, Isabel Teresa Pinto Coelho Diniz, granted this Sunday, 5, an urgent provisional injunction in response to a request from the Furnas Employees Association (Asef), in an action that pointed to a series of alleged irregularities committed by the company. Among them would be the breach of the debenture contract and the violation of rules on deadlines.
The decision mentions the right to exercise the vote by the debenture holder and that the contribution “of R$ 681,446,626.81, without approval by the General Meeting of Debenture Holders” could “come to characterize the termination of the debenture agreement”. The legal dispute may affect the public offering of Eletrobras shares (ELET3;ELET6), which aims to privatize the state-owned company.
In a note published on Sunday night, Eletrobras and Furnas stated that they are making their best efforts to judicially reverse the aforementioned judicial decisions.
PetroRecôncavo (RECV3) announced that it will make a restricted offering of shares, which can turn up to R$ 2.171 billion, at the price of the last trading session, last Friday (3), of R$ 27.42. The share price in the primary offering (new shares) will be defined after the bookbuilding, from June 6th to 14th. According to the material fact disclosed by the company, the funds will be used to finance potential acquisitions, such as Polo Bahia Terra, and to strengthen cash.
Petrobras (PETR3; PETR4) released last Friday (3) the teaser referring to the sale of its entire 18.80% stake in the company UEG Araucária, located in the state of Paraná.
UEGA is a partnership between Copel (CPLE6) and Petrobras, consisting of a natural gas thermoelectric plant (combined cycle, with two gas turbines and a steam turbine) and located in Araucária – PR, close to the Bolivia- Brazil (GASBOL). It started operating in 2002 and has a total installed capacity of 484 MW.
Unipar Carbocloro (UNIP6)
Unipar Carbocloro will implement a chlorine/soda and derivatives production project at the Camaçari Petrochemical Complex, in the State of Bahia, to be built in a greenfield model, with a production capacity of 10 thousand tons of chlorine, 12 thousand tons of caustic soda, 25 thousand tons of hydrochloric acid and 20 thousand tons of sodium hypochlorite per year. It is estimated that the work will last up to 24 months, starting in the second half of this year, with investments of around R$ 140 million.
Raízen (RAIZ4) signed an agreement with Shell Trading US Company in the amount of R$ 63 million for the purchase of base oil.
Mills (MILS3) approved the distribution of interest on equity in the amount of R$21.4 million. The payment will be R$ 0.08886048, in gross value, per share. Payment will be credited on June 30th.
Unicasa (UCAS3) received information from its legal advisors about the decision in favor of the company in the process that requested the non-levy of Corporate Income Tax and Social Contribution on Net Income (CSLL) on the portion corresponding to inflation in income from financial investments.
The company filed the lawsuit in September 2018, and, therefore, will recover the taxes paid in excess since 2013, no longer taxing this portion of income from financial investments. The total amount of the credit is being calculated to carry out the authorization request with the Federal Revenue and will be disclosed as soon as the calculation is completed.
Sum Group (SOMA3)
Grupo Soma (SOMA3) reported that Truxt Investimentos sold its shareholding, and now holds an aggregate shareholding of 38,546,804 common shares, equivalent to 4.91% of the total shares issued by the Group.
Streak Drogasil (RADL3)
Raia Drogasil (RADL3) informed that it received correspondence from JP Morgan Chase in which he said he had increased his equity interest in the company.
The North American bank now holds 84,537,049 shares, equivalent to 5.11% of the company’s total shares.
Wasatch Advisors, as investment manager, reported that its equity interest in Petz reached approximately 5.51% of the company’s share capital, totaling, in aggregate, 25,331,159 common shares.
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