Azul and Vale are among this Thursday's corporate highlights (Image: Facebook/Azul Linhas Aéreas Brasileiras)
The updates to Azul (AZUL4) about your debt and the company's plans Vale (ELECTION 3) to grow copper production and invest in strategic minerals are some of the corporate highlights this Thursday (03).
Check out corporate highlights
Azul (AZUL4) says that negotiations with TAP are 'friendly' for billion-dollar debt
A Azul said that it continues in friendly negotiations with the Portuguese company TAP for a debt of R$1.2 billion.
The debt concerns a loan of EUR 90 million to TAP, due in March 2026. The operation is recognized as long-term financial investments in Azul's financial statements.
Vale (VALE3) and BNDES will invest R$250 million each in a fund for strategic minerals
A Vale and the National Bank for Economic and Social Development (BNDES) will contribute R$250 million each to a new fund focused on strategic mineral projects, with the aim of stimulating research and mineral exploration activities in Brazil, stated the presidents of the company and the development bank.
The idea is that the participation of Vale and BNDES will attract other interested parties to the fund, which is initially expected to receive up to R$1 billion in total to invest in up to 20 companies in the area of strategic minerals, according to a presentation made this Wednesday -Friday to journalists.
The ORE JGP BB Minerais Estrategicos FIP Multiestratégia fund, chosen through a competitive process, will receive the initial contribution from Vale and BNDES and will raise the rest from the market. The fund is expected to begin investing in companies in March.
Vale (VALE3) seeks to grow in copper production after falling behind competitors, says CEO
Vale is evaluating opportunities to grow in copper production, eventually tripling its production, after having fallen behind compared to competitors, said the new president, Gustavo Pimenta.
“We are producing 350 thousand tons (year). The large copper operators in the world today are already in the range of 1 million tons of production. So, we fell a little behind in copper,” said Pimenta.
The executive highlighted that, currently, in the area of base metals, the company is focused on expanding its operations in copper and nickel, which are already in its portfolio.
Seara raises R$1.5 billion with first issuance of CRAs, sources say
Food company Seara, a subsidiary of JBS, carried out its first issuance of Agribusiness Receivables Certificates (CRAs), two sources familiar with the operation said.
Seara raised R$1.5 billion by issuing CRAs, maturing in five, ten and 20 years. Demand for the bonds reached R$2.5 billion.
Iguatemi (IGTI11) plans to invest R$236 million in shopping mall expansion in Brasília
The shopping center operator Iguatemi (IGTI11) plans to invest R$236 million in the expansion of Iguatemi Brasília, as communicated to the market.
The start of works for the expansion of 15.5 thousand square meters of Gross Leasable Area (GLA) is scheduled for the first quarter of 2025, according to the company, with an estimated duration of 18 months.
Multiplan (MULT3) will expand shopping malls in a million-dollar investment; see details
A Multiplan (MULT3) will carry out its 10th expansion of ParkShopping, in Brasília, with 8,615 m² of gross leasable area (GLA) and more than 60 new stores.
According to the company, the expansion, with an investment of R$162.6 million, is expected to begin construction in January 2025 and is expected to open in the second half of 2026.
CSN Mineração (CMIN3): Today is the last day to guarantee a share of the dividends of R$2.8 billion
Investors who want to take advantage of the proceeds of CSN Mineração (CMIN3) has until today to guarantee shares in the company.
Shareholders have until this Thursday (3) to buy the paper and be entitled to a slice of the R$ 2.3 billion in dividends interim and R$465 million in interest on equity. From October 4th, the share will be traded ex-earnings.
*With information from Reuters