Gerdau (GGBR4) will invest BRL 1.5 billion in renewable energy, PetroReconcavo (RECV3) will pay BRL 180 million in JCP and more

This Monday’s corporate radar (28) features the partnership between Gerdau Next, a subsidiary of Gerdau (GGBR4), and the NW Capital Fund for investment in solar and wind energy. In addition, Petrobras (PETR4) said that extraordinary dividends are foreseen in its Strategic Plan and does not contract debt to pay dividends.

PetroReconcavo (RECV3) approved the distribution of interest on shareholders’ equity in the gross amount of R$180 million.

Investment funds reached a 30% stake in IMC (MEAL3), which owns KFC.

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Petrobras (PETR4; PETR4) clarified this Sunday that the payment of extraordinary dividends is foreseen in its policy and that the company does not contract debt to pay dividends. According to the company, the gross debt, of US$ 54.3 billion, is on a downward trajectory, with a reduction of US$ 5.3 billion in relation to the third quarter of last year.

According to a statement, gross debt, cash level and dividends are in line with what was foreseen in Petrobras’ Strategic Plan for 2022-2026.

The state-owned company reiterated its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of external and exchange rate volatilities caused by conjunctural events.

PetroReconcavo (RECV3)

The Board of Directors of PetroReconcavo (RECV3) approved the distribution of interest on capital for the fiscal year 2022, in the gross amount of R$180 million, corresponding to R$0.614971 per common share.

Shareholders registered in the company’s records on December 1, 2022 will be entitled to receive interest on equity, and the shares will be traded “ex-interest” from December 2, 2022.

Payment will be made to shareholders by December 13, 2022.

Gerdau informed that, on Friday (25th), its subsidiary Gerdau Next and Fundo NW Capital, as investors, signed binding instruments with Newave Energia for the subscription of equity interest in Newave’s share capital by Gerdau Next and by NW Capital, in the proportions of 33.33% and 66.67%, respectively; and long-term energy acquisition, by the company and its subsidiaries, of 30% of the energy generated by power generation projects held directly or indirectly by Newave and its subsidiaries, on a self-production basis.

The operation represents investment in the development of greenfield projects for the generation of electricity with a capacity of approximately 2.5 GW, exclusively from solar or wind sources, with the expectation of starting generation in the years 2025 and 2026.

The investment amount by Gerdau Next will be in the amount of up to R$ 1.5 billion, divided into two phases. In the first phase, Gerdau Next will invest the amount of R$ 500 million to be subscribed and paid in throughout 2023, according to the business plan approved by the investors and, in a second phase, Gerdau Next will invest up to R$ 1 billion, subject to the achievement of certain goals.

The investment made by NW Capital, together with Investment Funds distributed by XP Investimentos, will be R$ 1 billion to be subscribed and paid in throughout 2023, according to the same business plan and, in a second phase, of up to R$ 2 billion to be subscribed by investors according to funding via the market.

Eletrobras (ELET3;ELET6) informed that it became aware, on Friday (25), of 3 injunctions in progress within the scope of filed lawsuits, relating to the Voluntary Dismissal Plan (PDV) 2022, which covers three bases of the subsidiary Furnas Centrais Elétricas (Furnas): Rio de Janeiro, Angra dos Reis and São Paulo.

Regarding these injunctions, the company says that the appropriate legal measures are being adopted by Furnas.

For the other Eletrobras companies and for the other Furnas bases, the PDV is maintained in its entirety, as previously disclosed.

BMG Bank (BMGB4)

Banco BMG (BMGB4) communicated that its direct subsidiaries CBFácil and Raro Recrutamento in TI entered into a contractual instrument with the intention of acquiring equity interest in QGX Instituição de Pagamentos SA

QGX is a fintech that works with BaaS (Banking as a Service) providing a complete and customized digital structure for the operation of digital banks, in addition to intermediating and brokering services and businesses related to the Financial Market.

The operation is part of Bmg’s strategy to create an ecosystem of startups with specialized skills, aimed at expanding current businesses, generating operational efficiency and creating new business units.

The restaurant manager IMC (MEAL3) informed on Friday (25) that it received from UV Gestora de Ativos Financeiros a notice of acquisition of relevant shareholding. In the statement, UV informs that it reached a 30.03% stake in the share and voting capital of IMC, now holding 86 million common shares in the company.

UV also informed that “it does not intend to change the Company’s control structure, but will always act in the sense of preserving its investments, reserving, therefore, the right to exercise its shareholder rights and, if deemed appropriate, to take measures that, in his understanding, can contribute to generate value for the company and all its shareholders”.

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