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Eletrobras (ELET3;ELET6) closes SPE Strategic Solutions Center; dividend announcements, balance sheets and more news

The corporate news on Monday (9) highlights the distribution of earnings by Odontoprev (ODPV3) and Unidas (LCAM3).

Eletrobras announced on Friday that it had closed the special purpose company Centro de Soluções Estratégicas (CSE), which had the shareholding of Juno (50.1%) and Furnas (49.9%).

The balance sheet season continues in full swing, with the release of results by Azul (AZUL4), Banco ABC (ABCB4), BTG Pactual (BPAC11), Caixa Seguridade (CXSE3), CBA (CBAV3), and Terra Santa (LAND3), all before the market opening.

Assaí (ASAI3), Aura Minerals (AURA33), BB Seguridade (BBSE3), Blau (BLAU3), Grupo Mateus (GMAT3), Iochpe-Maxion (MYPK3), Méliuz (CASH3), Miter (MTRE3), Sinqia (SQIA3), Technos (TECN3), Via (VIIA3) and Viveo (VVEO3) report their numbers after the market closes.

Ecorodovias (ECOR3) appointed Marco Antônio Cassou as Chairman of the Board of Directors. He will remain in office until the date of the Annual General Meeting that approves the financial statements for the fiscal year to be ended on December 31, 2022.

Check out the highlights:

Itaú Unibanco (ITUB4)

Itaú Unibanco (ITUB4) recorded recurring net income of R$7.36 billion in the first quarter of 2022 (1Q22), which represents a 15% growth compared to the same quarter of 2021.

The recurring return on equity (ROE) was 20.4% in 1Q22, an increase of 1.9 pp compared to 1Q21.

The total adjusted loan portfolio reached 1.032 trillion in the first three months of this year, an increase of 13.9% compared to the same period in 2021.

BTG Pactual (BPAC11)

BTG Pactual (BPAC11) announced this Monday that it had a 72% jump in first-quarter recurring net income to R$2.06 billion.

The bank’s total quarterly revenue reached R$4.35 billion, up 56% year-on-year, surpassing an expected revenue of R$3.76 billion from analysts consulted by Refinitiv.

Sabesp (SBSP3) recorded a net income of R$ 975.6 million in the first quarter of this year, representing an increase of 96.4% compared to the same period last year.

The result was benefited by the appreciation of the real against foreign currencies, in this case the dollar and the yen, currencies with which the company has contracted debt.

Porto (PSSA3) reported a 40.6% lower net income in the first quarter of 2022 (1Q22), of R$175.105 million, compared to R$294.6 million in the same period last year.

The company’s total revenue grew 21.4%, reaching R$ 5.8 billion in the analyzed quarter, against R$ 4.8 billion a year ago.

Odontoprev (ODPV3)

Odontoprev (ODPV3) updated the amount of the dividend that will be paid. The amount was updated from BRL 0.1067942570 to BRL 0.1072035680 per share. This was due to the acquisition of 2,145,100 shares since April 27, within the Share Buyback Program. Payment of the total amount of R$60 million will be paid on October 5th.

Unidas (LCAM3) will distribute dividends on May 13th. In total, R$51 million was made available, corresponding to R$0.100999839 per share.

Isa Cteep (TRPL4) and Taesa (TAEE11)

The companies completed the subsidiary IE Aimorés, in which each company holds 50%. The investment was BRL 425 million and the RAP is BRL 87 million (2021/2022).

Vale (VALE3) confirmed on Friday the signing of a long-term contract with Tesla Inc to supply Class 1 nickel in the US, material that will be shipped from its operations in Canada.

According to a market statement, Vale’s goal is to reach 30% to 40% of its Class 1 nickel sales to the fast-growing electric vehicle industry. The document states that Vale’s operations in Canada produce some of the lowest-carbon nickel products in the world.

The shareholders of US company Zanite – a special purpose acquisition company (Spac) focused on the aviation sector – on Friday approved the business combination with Eve, a “flying car” startup. ” by Embraer.

The merger is considered a decisive step for the resulting company to be listed on the New York Stock Exchange (NYSE).

With the merger, the name of Zanite becomes Eve Holding.

The board of directors of Almacenes Éxito, based in Colombia, in which Grupo Pão de Açúcar (GPA) holds 96.57% of the shareholding, approved, this Friday (6), the regulation that establishes the conditions of the plan. repurchase agreement worth up to 320 million Colombian pesos, at 21,000 Colombian pesos per share. The plan is still subject to approval by the Éxito general meeting to be held on May 24. Éxito is valued at more than R$ 11 billion.

The acceptance period for the repurchase offer is ten working days, counting from the day following Éxito’s general meeting, on May 24. The operational process will be carried out by the Colombian Stock Exchange through an electronic data capture system to which the entire capital market has access, GPA informed a short time ago, through a material fact to the Securities and Exchange Commission (CVM).

Shareholders will be able to exercise the repurchase on a ‘pro rata’ basis for their participation in Éxito’s capital stock, with the possibility of exercising at least one share per shareholder, as a way of guaranteeing equal treatment to minority shareholders.

Eletrobras announced on Friday that it had closed the special purpose company Centro de Soluções Estratégicas (CSE), which had the shareholding of Juno (50.1%) and Furnas (49.9%).

SPE was created in October 2013 with the objective of providing operation, maintenance and engineering services.

The company stated that the closing of the SPE “is within the scope of the initiative to rationalize Eletrobras’ equity interests… leading the Eletrobras Companies to hold a total of 77 SPE Societies”, the company said in a statement to the market.

Furthermore, according to a column by Lauro Jardim, from the newspaper O Globo, the Canadian pension fund CPPIB, the sovereign wealth fund of Singapore GIC and Itaúsa are talking to form a block of shareholders in the privatization of Eletrobras.

Ecorodovias (ECOR3)

Ecorodovias (ECOR3) appointed Marco Antônio Cassou as Chairman of the Board of Directors. He will remain in office until the date of the Annual General Meeting that approves the financial statements for the fiscal year to be ended on December 31, 2022

Heringer Fertilizers (FHER3)

Fertilizantes Heringer (FHER3) released a document in which it defines the parameters for purchasing products or raw materials for the manufacture of fertilizers with EuroChem Trading GmbH.

The terms of the agreement follow the laws in force in Switzerland.

Eztec (EZTC3) announced that it will carry out its first issuance of debentures, which will take place on May 12th. In all, R$ 300 million will be made available, with maturity in 36 months.

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