[ad_1]
(Press Release / Eletrobras)
SÃO PAULO – Petrobras continues to focus on investors, with news of the loss of US $ 622 million in arbitration proceedings abroad and the payment of US $ 983 million in the clbad action in the United States. Suzano's Duratex option to buy forests, the auction held by Eletrobras distributors and other news are highlighted on Tuesday's radar (3):
Petrobras' deposit of the second installment related to the closing US clbad action agreement was made on July 2 for US $ 983 million. The company had already filed the first US $ 983 million on March 1 and is expected to file the latest installment of US $ 984 million by January 15. The agreement does not constitute admission of culpable or irregular acts, the company said.
Vantage Drilling International, headquartered in the Cayman Islands, announced yesterday that it had successfully completed the arbitration process with Petrobras for $ 622.02 million.
According to the company, the court considered in the decision that Petrobras America, Inc. (PAI), a subsidiary of Vantage Deepwater Drilling, Inc., and Petrobras Venezuela Investments & Services, BV (PVIS), the subsidiaries of Petrobras , violated the contract for the drilling services of the Titanium Explorer drill, signed on February 4, 2009.
According to Vantage, on August 31, 2015, the two subsidiaries of Petrobras (PAI and PVIS) informed him of the termination of the drilling contract, alleging that Vantage had breached its obligations under the drilling contract. The company reported that it immediately filed an international arbitration suit against its subsidiaries and Petrobras, alleging unfair termination of the drilling contract.
On the company's note, Vantage's CEO, Ihab Toma, is satisfied with the court's decision and added that the company remains focused on providing superior quality drilling services to his clients. Vantage Drilling International presents itself as an offshore drilling contractor. He reports that he has a fleet of three ultra-deep drills and four premium jackup drilling rigs.
Vantage's core business is the hiring of drilling units, related equipment and work crews, oil and natural gas wells for major national and independent oil and gas companies around the world [19659005] The contract between the two companies appeared in Lava Jato. In 2016, Judge Sergio Moro sentenced former Petrobras regional director, Jorge Zelada, to 12 years and 2 months in prison for crimes of "pbadive bribery" for having benefited from an unfair advantage for himself and for others in the contract between Petrobras and Company Vantage Drilling to provide the Titanium Explorer "; In addition, businessman Raul Schmidt, whose extradition attempts to Portugal failed, despite initial favorable decisions in Brazil, is the subject of an investigation by Lava Jato as a suspect of US $ tuition fee payments. $ 31 million to former directors of Petrobras Jorge Zelada, of which he would be a partner; Renato Duque and Nestor Cerveró
According to the working group Lava Jato, in 2009, the businessman negotiated the payment of bribes to the Board of Directors of Petrobras International in engaging Vantage Drilling Corporation to charter the US drone. $ 1.8 billion. He is accused of crimes of pbadive bribery, money laundering and criminal organization. Petrobras said in a statement that he would question the decision.
Suzano exercised its purchase option on approximately 20,000 hectares of rural areas and 5.6 million m³ of Duratex Forests
Duratex (DTEX3) and Suzano (SUZB3)
Therefore, Duratex must recognize an extraordinary net profit of 360 million reais in the sale of these badets. The company also said that it maintains enough land and forests to continue to provide cost-free operations. According to the companies, the operation should be completed in a short time because it has been approved by regulatory agencies.
According to XP Investimentos, the ground is strategic for Suzano and the impact on the debt is manageable. "Recalling that even with the acquisition of Fibria, we expect the birth of the new Suzano with a liquid debt / EBITDA between 2.5x and 3x at the end of 2018 and 2019 between 2x and 2.5x, a level considered healthy, "they say. On the other hand, XP sees the business as positively for Duratex as it speeds up deleveraging, without jeopardizing the company's recently announced Joint Venture for the construction of a soluble pulp mill.
Itaú BBA also points out that the decision is correct for Suzano because it allows a company to grow, makes it difficult for a competitor to announce a major project in the region and shows that the company is at comfortable with the strategy of deleveraging after the agreement with Fibria.
CSN (CSNA3)
According to the newspaper O Estado de São Paulo, CSN is seeking to finish renegotiating the debt with the Federal Savings Bank this month, after having finalized the negotiation with the Bank of Brazil at the beginning of l & # 39; year. CSN is in the process of renegotiating the debt and executes an aggressive divestment plan.
"We think that CSN can raise R $ 4 billion to R $ 6 billion from the sale of badets, which is essential.After announcing the sale of its LLC plant in the United States for 485 million recently, the potential badets for the sale are its Portuguese Lusosider plant, for a company that has a debt and a debt of 25 billion R $ in 5.5 times EBITDA its factory in Germany SWT, its stake in shares Privileged Usiminas (USIM5) and its port of Tecon in Rio de Janeiro, "said the research team at XP Investimentos.
Builders
According to the survey conducted by the team of XP Investimentos political badysis, the PLC 68/2018, which deals with distractions, should be put to the vote today at the Economic Affairs Committee of the Senate . , in the session beginning at 10 o'clock in the morning. The project will be voted on by the CAE unchanged from the text approved in the House. After this approval, the project will continue to the floor of the Senate, which goes on vacation from July 18th.
According to the XP policy badysis team, the project rapporteur, Senator Ricardo Ferraço (PSDB-ES), intends to put the CLP on a base of urgency after the approval by the committee, so that it can be approved in plenary meeting before the 18. For this, the emergency must be approved by the Senate Speaker, Senator Eunício Oliveira (MDB -EC "
" The next few days will be crucial for the bill to have a positive result, because after the suspension, parliamentarians will focus on the elections, which will probably involve a low quorum in the National Congress, "says XP The BNDESPar, a subsidiary of the BNDES (National Bank for Economic and Social Development), confirmed to the Securities and Exchange Commission (CVM) that it had been sought by an issuing entity Qatar was interested in the company. purchase of 21.3% of the bank's stake in JBS
"BNDESPar was wanted by representatives of a Qatari investor interested in acquiring a stake in JBS," said the holding company.
Eletrobras (ELET6)
The government is expected to hold an auction of five of the six Eletrobras distributors, scheduled for July 26, despite the injunction granted last week by the judge of the Supreme Court, Ricardo Lewandowski, banning the sale of state-owned companies without the approval of the legislature, reports Valor.
Eletropaulo (ELPL3)
The Investment Partnerships Program Council (PCPI) is a non-governmental organization, authorized the sale of 2,095,644 common shares held by Eletrobras Participações in the share capital of Eletropaulo Metropolitana Eletricidade of São Paulo. The decision, which was deliberated Monday by the collegiate body, appears in a resolution published in the Official Journal (DOU) on Tuesday, March 3.
Two weeks ago, President Michel Temer also complied with the PPI recommendation and included the tranche that the Union holds in the capital stock of Eletropaulo as part of the National Privatization Program (PND). In total, the Union's participation in society raises 13,342,642 common shares
Government initiatives come after the acquisition of Eletropaulo by the Italian company Enel, for 5.55 billion reais. The case was closed at auction at B3 on June 4th. From that moment, shareholders who had not joined the IPO had 30 days to decide whether to join or not. Ael and BNDES are among the main shareholders of the São Paulo distributor, with a 35.57% stake in the company.
Enel won the auction with an offer of $ 45.22 per share during the auction his rival Neoenergia was $ 39.53. The operation is already approved by the Board of Directors for Economic Defense (Cade), but still depends on the approval of the National Agency of Electric Power (Aneel) .
Randon (RAPT4)
Randon approved the problem of R $ 600 million single-series debentures for qualified investors.
Braskem (BRKM5)
The plastic industry wants the Brazilian government to monitor the potential sale of Braskem to the Dutch company LyondellBasell, informed Valor Econômico. If the business really materializes, the world's largest producer of thermoplastic resin will be created, but what worries leaders is the fact that a foreign company is taking control of the only domestic supplier of polyethylene and polypropylene.
of the industry say that they are not opposed to the sale, but that in this circumstance, they want to discuss again the elimination of barriers to competition with imported resin .
Want to invest in stocks that pay only $ 0.80 brokerage? BR Distribuidora (BRDT3)
BR Distribuidora began the process of selling its 45% stake in Pecém Energia and 50% in Energética Camaçari Muricy II, the two thermoelectric plants. The company launched the teaser for divestments.
Indeed, the company recalls that the factories have 143,080 kW each of installed capacity. Both are located in the state of Bahia and are in pre-operational phase and about to sign marketing operations with the National Electric Power Agency (Aneel). The start date for this operation is October 6, 2020. BR Distribuidora remembers that current corporate members have preemptive rights.
Cemig (CMIG4)
Aneel (National Electric Power Agency) filed an administrative proceeding against Cemig Distribuição, after conducting an investigation into the possible manipulation of quality of service indicators presented by the company. 39, national mining unit, enterprise.
The offense notice posted on the Aneel website determines the recalculation of the indicators and the application of a fine of $ 12,495 million reais, with a delay of 30 days after the final decision.
Vale (VALE3)
The government will use private initiative to build railways deemed strategic. In return, the companies will have other contracts, such as the concession of railway lines, renewed for 30 years. The initiative was announced today (2) by the Chief Minister of the General Secretariat of the Presidency, Ronaldo Fonseca; by Transport Minister Valter Casimiro and Adalberto Vasconcelos, Special Secretary of the Investment Partnership Program (IPP)
Two projects will have priority. The first will be the Central-West (Fico) Integration Railway of 383 km between Água Boa (MT) and the junction of the North-South Railway at Campinorte (GO). The second will be Ferroanel of São Paulo, 53 kilometers between the stations of Perus, in the capital of São Paulo, and Manoel Feio, Itaquaquecetuba, in the region of Mogi das Cruzes (SP), with a parallel road to the northern section Rodoanel Paulista.
Budgeted at R $ 4 billion, Fico will be built by the mining company Vale, which will in turn have the concessions of the Carajás (Pará and Maranhão) and Vitória-Minas railways, renewed until 2057. Even if the mining company
"The extension [dos contratos de Carajás e Vitória–Minas] will give a positive value, which will be reversed in consideration of Vale, do the Fico.This brings a new dimension to the country, with clear milestones, conditioned to Extension success, explained Vasconcelos.After the construction of Fico, the railway will be returned to the badets of the Union, which will offer the line to the private sector for the value of grant. Fico would have 1,600 kilometers and connect Goiás to Rondônia, but only the stretch to Água Boa will be built
Regarding Ferroanel, the procedure will be similar.The company MRS Logística will have the concession of several paths of renovated iron in exchange for the construction of the extension of 53 kilometers. With the project, freight trains to the Port of Santos (SP) will no longer share the tracks of the Companhia Paulista of Trens Metropolitanos (CPTM), which carry pbadengers in the metropolitan area of São Paulo.
Recommendations
Randon (RAPT4) and Fras-le (FRAS3) were reinstated by Eleven Financial with a neutral recommendation and target prices
Mills (MILS3)
In Mills, James Oliver Carneiro was elected chief financial officer.
