Eneva and Sabesp are among this Wednesday's corporate highlights (Image: Disclosure/Eneva)
O follow-on da Eneva (ENEV3) and the election of new CFO and chairman of the board of Sabesp (SBSP3) are some of the corporate highlights this Wednesday (02).
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Eneva (ENEV3) launches share offering worth R$4.2 billion
A Eneva launched a follow-on offering of common stock (“follow on“) to raise around R$4.2 billion, as announced in July, to help finance power generation projects, natural gas exploration and possible mergers and acquisitions activities.
The investor in Brazil's natural gas sector will initially offer around 228.6 million shares and, depending on demand, may increase this number by around 71.4 million shares. The offer is expected to be priced on October 10th.
Sabesp (SBSP3) advisors elect CFO and chairman of the board
A Sabesp reported that its advisors approved the election of Alexandre Gonçalves Silva as chairman of the board of directors and Daniel Szlak as the new financial and investor relations director.
Silva will assume his duties after ending his duties as president of the board of directors of Embraer (EMBR3), which must occur by the next ordinary general meeting (AGM). Szlak, former CFO of the thermal energy supplier Combiowill take up the position from Wednesday.
Petrobras (PETR4): Council approves entry into assets in South Africa
A Petrobras (PETR4) approved the company's operations in South Africa, enabling the acquisition of a stake in the Deep Western Orange Basin (DWOB) block, through a competitive process conducted by TotalEnergies.
The state-owned company will have a 10% stake in the DWOB block, with the consortium having the following composition: TotalEnergies, operator (40%), QatarEnergy (30%), Sezigyn Pty. (20%) and Petrobras (10%).
AgroGalaxy (AGXY3) has judicial recovery granted by the Court, with debts of R$ 4.67 billion
A AgroGalaxy (AGXY3) and its subsidiaries received approval from the 19th Civil and Environmental Court of the District of Goiânia for the request for judicial recovery (RJ). The company informed that the full court decision is available on its IR website.
The company indicated a total liability worth R$4.67 billion in its RJ request. Among the largest creditors, a highlight is Vert Companhia Securitizadora, responsible for structuring its Agribusiness Receivables Certificates (CRAs), with R$516.4 million to be received.
Allos (ALOS3) announces R$150 million in dividends and new share buyback program
A garlic (ALOS3) approved the payment of interim dividends in the total amount of R$150 million. The company also announced a buyback program of up to 4.1% of shares.
Dividends will be paid to shareholders in three installments of R$50 million, representing R$0.095110741 per share. The earnings are based on the balance of unrealized profit reserves calculated in the annual balance sheet for the fiscal year ending on December 31, 2023.
In the buyback program, up to 20 million common shares, with no par value, issued by the company will be acquired — which represented, on October 1st, 4.1% of the total 492,392,986 common shares in circulation on the market.
Cury (CURY3) announces payment of R$100 million in dividends
A Cury (CURY3) announced that its board of directors approved the distribution of dividends intermediaries worth a total of R$100 million. The amount corresponds to R$0.3449652297 per common share.
Payment of the proceeds will be made on October 31st of this year. Those who hold shares in the company on October 4th will be entitled to dividends.
Dexco (DXCO3) sells electric showers and taps operation
A Dexco (DXCO3) signed a contract for the sale of the electric showers and taps operation to Zagonel.
Dexco estimates an impact on its third quarter results of around R$100 million, relating to operational impairments, with no effect on cash and classified as non-recurring.
PicPay will still hire advisors for a potential IPO in NY in 2025
O PicPay will still hire financial advisors for a primary share offering (IPOits acronym in English) planned for next year in New York, two people familiar with the matter told Reuters.
Despite not having formally selected any member of the consortium, the digital bank intends to hire Citigroup, which has been involved in its IPO negotiations since 2021, as well as other banks, the sources said.
*With information from Reuters