Orizon (ORVR3) completes joint venture operation with Compass; BlackRock increases stake in Cogna (COGN3) and other news

Corporate radar this Friday (20) highlights Orizon’s (ORVR3) announcement that it has completed its formation joint venture between Orizon subsidiary Meio Ambiente (OMA) and Compass. The agreement is aimed at the implementation of biomethane production projects.

Positivo (POSI3) announced a public offering of R$60 million in commercial notes, while Vittia (VITT3) continues its incentive program related to restricted and virtual shares by announcing the transfer of treasury shares.

American manager BlackRock, one of the largest in the world, increased its stake in Cogna (COGN3), it was announced on Friday evening.

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Orizon Valorização de Resídos SA has informed its shareholders and the market at large that the creation of Biometano Verde Paulínia SA, a joint venture between Orizon subsidiary Meio Ambiente SA and Compass Comercialização SA, has been completed. The initiative was announced in a Material Fact Sheet published on August 14, 2023 and, subject to conditions precedent set forth in the transaction documents, closed on October 20.

“The deal confirms the company’s strategy to use biogas produced in ecoparks, with the implementation of biomethane production projects and to contribute to the country’s energy transformation,” Orizon said in a statement.

Positive (POSI3)

Positivo (POSI3) has announced a public offering of commercial notes for the public distribution of the 2nd issue with a total value of 60 million reais. Banknotes have a unit value of R$ 1,000 and are issued in nominal and undocumented form without guarantees.

A request for proposal form was submitted to CVM on Friday, along with the registration of the proposal and publication of the advertisement. According to the schedule, the first payment of the commercial notes will take place on October 25, and the next day will be the maximum date for publication of the closing notice.

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American manager BlackRock, one of the largest in the world, increased its stake in Cogna.

BlackRock announced that it had acquired derivatives with financial settlement specified in common shares issued by Cogna, called contracts for difference (CFDs), and on October 11, 2023, its holdings totaled 94,284,974 CFDs, which represents approximately 5.024% of the total number of common shares issued by the company; and 167,950,859 common shares, representing approximately 8.949% of the total number of common shares issued by Cogna.

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“The purpose of the above-mentioned stakes is solely an investment, not a change of control over the stake or the administrative structure of the company,” he said.

Santander Brazil (SANB11)

Santander Brasil (SANB11) informed the market that it has issued 6 billion reais in subordinated promissory notes in negotiations with private investors.

The resources will be used to build the company’s Tier II capital reference (PR).

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The financial notes have a maturity of 10 years with the possibility of redemption from 2028 in accordance with the applicable rules.

Petrobras (PETR4)

Petrobras President Jean-Paul Prates announced that a team of oil company officials completed a visit to Bolivia last Sunday (22), during which they discussed natural gas supplies to Brazil and new investments in exploration and production. oil and gas in a neighboring country.

Protes added that Petrobras specialists also met with officials from the Ministry of Hydrocarbons and Energy to talk about renewable energy, fertilizers and lithium.

Vitya approved a second incentive program tied to restricted shares and virtual shares. In addition, the company announced the approval of the transfer of its own shares under the program. The forecast provides for the transfer of up to 123,148 shares to the beneficiaries of the program.

Pão de Açúcar Group (PCAR3)

The GPA has announced a second call for an Extraordinary General Meeting (AGE) to consider a change towards a reduction in the cost of reducing the company’s share capital. The new meeting date is October 30 at 10 a.m. via digital access, according to a statement released by the Securities and Exchange Commission (CVM).

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The agenda concerns the change in the value of the reduction of the authorized capital, approved at the meeting of February 14, in relation to the book value of the Almacenes Éxito shareholding, after the separation of the business. The amount decreased from 7.133 billion reais to 6.659 billion reais.

A glutton

Locamerica has announced the approval of the company’s replacement as issuer of the debt represented by the non-documentary commercial bonds in the Offering to Localiza (RENT3) by assigning to Localiza the transferee’s contractual position, for all purposes, rights to be the obligor under all obligations arising from the Offering.

(from Estadão Conteúdo and Reuters)

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