Petrobras (PETR4) receives BRL 313 million earnout, GPA (PCAR3) to issue bonds and Americanas (AMER3) hires Alvarez & Marsal for RJ

The corporate radar this Tuesday (24) brings the collection of R$ 313 million from TotalEnergies by Petrobras (PETR3;PETR4) in addition to the firm compensation (earnout) of Atapu.

The board of directors of GPA (PCAR3) has approved the issuance of bonds in the amount of R $ 750 million, which can reach up to R $ 940 million.

Americanas (AMER3), in turn, hired the consulting firm Alvarez & Marsal (A&M) to assist in the judicial recovery process.

Ibovespa today: the market movement this Tuesday

Reinsurer IRB (IRBR3) recorded a loss of BRL 48.5 million in November 2022, compared to a negative balance of BRL 113.8 million in the same month of 2021.

Vibra (VBBR3) ended its partnership with Americanas (AMER3) in convenience stores.

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Petrobras (PETR4; PETR3) received R$313 million from TotalEnergies to complement Atapu’s solid earnout. The amount already includes the amount of the tax outlay relating to TotalEnergies’ 22.5% stake in Atapu.

The GPA Board of Directors (PCAR3) has approved its 19th issuance of simple, non-convertible and unsecured bonds, in up to 2 series, for private placement, for an initial amount of R $ 750 million.

The company may increase the amount of the originally issued Bonds, in agreement with the coordinators of the Offer, up to 25%, or up to R$ 187.5 million and the possibility of partial distribution of the Offer, provided that respected the minimum amount of BRL 500 million.

The IRB (IRBR3) recorded a loss of BRL 48.5 million in November, compared to a negative balance of BRL 113.8 million in the same month of 2021.

In the first eleven months of 2022, the accumulated net loss was 633.7 million reais, compared to a net loss in the same period of 2021 of 510.4 million reais.

In November 2022, the premium issued amounted to BRL 542.4 million, down 23.2% compared to November 2021. The premium in Brazil decreased by 6.9% in the month, to BRL 402.8 million, while the premium abroad fell by 49.0%, to R$ 139.6 million.

Vibrational Energy (VBBR3)

Vibra Energia (VBBR3) announced on Monday evening the end of the joint venture with Americanas (AMER3), after the retailer filed for bankruptcy for 43 billion reais due to “accounting inconsistencies” in the order of 20 billion reais.

The two companies have a partnership in Vem Conveniência, which operates about 1,300 convenience stores across the country under the Local (Americanas brand) and BR Mania (Vibra brand) banners, which are expected to revert to their respective partners, according to Material Fact from Vibra. The shops should continue to operate as normal.

In the document, Vibra says its board of directors has decided to notify Americanas of the “immediate termination of the partnership”, having started the procedures to dissolve the joint venture that started in February last year.

American (AMER3)

Americanas (AMER3) announced the hiring of consulting firm Alvarez & Marsal (A&M) to assist in the judicial recovery process. A&M will act in coordination with Rothschild & Co, the company’s interlocutor in the renegotiation of the financial debt.

Amerincas’ goal, according to a statement, is to ensure that the executive team has all the support and market reference tools to achieve the company’s strategic objectives.

3R Oil (RRRP3)

3R Petroleum (RRRP3) announced that, in the meeting held on January 3, the company’s Board of Directors approved the signing and ratification of contracts, such as the sale of oil produced in the Papa Terra field, and the management of the Private Use Terminal of Polo Potiguar, information contained in the minutes of the meeting, released today. On this occasion, the directors also approved the reorganization of the company’s statutory body.

Gerdau’s board of directors (GGBR4) unanimously approved the dismissal of Vice President Fernando Pessanha Santos.

SLC Agrícola (SLCE3) clarified the article published in the newspaper Valor Econômico, Monday (23), entitled “The manager excludes SLC from contributions for complaints of environmental violations”.

SLC Agrícola stated that the transformations of the areas that took place until August 2021 were carried out with the respective environmental licenses of the competent environmental agencies, without having committed any socio-environmental violation in this process.

As of August 31, 2021, the company disclosed its zero deforestation policy to the market. The purpose of this policy is to define rules for land use, maintaining the integrity of natural systems and eliminating the conversion of native vegetation for the development of agricultural and livestock activities. The perimeter concerns owned and leased areas currently in the company’s portfolio and future activities, in line with the current business model, as illustrated by the company.

Eternit (ETER3), in the course of judicial reorganization, communicated that it had become aware, on 23 January, of the decision of the Federal Supreme Court (STF) which annulled the first instance sentence issued in the Public Civil Action n. 1002022-72.2021.4.01.3505, pending at the Federal Court of Uruaçu-GO, and determined the suspension of the trial until the merits of the Direct Action of Unconstitutionality 6200.

In this way, Sama Minerações Associadas (Sama) continues with its operation supported by the Law of the State of Goiás n. 20.514/19, governed by Decree 9.518.

table ([ativo=DXPO3])

Dexco (DXPO3) today announced changes to its executive committee. Marcelo Izzo, vice president of Deca and Revestimentos, will resign by April, when Raul Guimarães Guaragna, vice president of Wood, will take over. Guaragna’s place will be taken by Carlos Henrique Pinto Haddad, current Vice President of Administration, Finance and IR. Francisco Augusto Semeraro Neto, currently Chief Control Officer and CSC, will assume this role. In this movement, the Marketing and Design department has also been incorporated into the executive committee, under the responsibility of Marina Crocomo. Antonio Joaquim de Oliveira remains Chief Executive Officer of Dexco.

Truxt Investimentos reduced its stake in the company from 7.49% to 4.99% of the share capital, equal to 44.3 million shares.

BlackRock disclosed that it sold Embraer common stock, and as of January 18, 2023, its total holdings became 32,919,286 common shares and 568,187 American Depository Receipts (ADRs), for a total of 2,272,748 shares ordinary shares, for a total of 35,192,034 ordinary shares, representing approximately 4.752% of the total ordinary shares issued by the Company and 4,143,109 financial derivative instruments referring to ordinary shares with cash settlement, representing approximately 0.559% of the total number of ordinary shares issued by the company.

QualiCorp (QUAL3)

Qualicorp (QUAL3) reported that BlackRock reduced its stake to 9.21% of the company’s common stock.

Yduqs (YDUQ3) announced that Paradice Investment Management now holds a total of 15.9 million shares of common stock, representing 5.16% of total shares of its common stock.

In the company’s latest form, released on January 16, the manager did not show up with a significant shareholding.

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