September 21, 2023

CSN, Hypermarcas and Usiminas Top Ibovespa, Retreat By

© Reuters.

By Anna Beatriz Bartolo – It was down 1.02% at 10:33 am this morning, as CSN (SA :), Hypermarcas (SA 🙂 and Usiminas (SA 🙂 led the declines. Among the more advanced are Méliuz (SA :), JBS (SA 🙂 and Marfrig (SA :).

Check out the major corporate news for the day.

B3 (SA 🙂 – B3 revised its leverage estimates for the end of 2021, after completing a $700 million bond raising. In a related fact, the company has begun forecasting by the end of this year the total debt/Ebitda ratio in 12 months twice. Shares fell 1.28% to 13.87 Brazilian reais.

Banco BMG (SA 🙂 – Banco BMG has completed its first public financial billing for a total amount of R$300 million. According to the organization, the resources will be used to leverage cash for its business strategy. The bond has a term of 24 months and 10 days and yields a CDI of +1.8% per annum. The notes fell 0.26% to R$3.81.

Hypera SA (SA 🙂 – Pharmaceutical group Hypera has finalized an agreement under which Falcon R will pay $500 million to close an arbitration process involving the sale of the disposable business in 2017. The value of the assets decreased 3.56%, at R$33.03.

Plumb Logistics (SA 🙂 – The National Electric Energy Agency (Aneel) has authorized the commercial start-up of the thermal power plant UTE GNA I, in Porto do Aco, in São João da Barra (RJ), with a capacity of 1,338.30 MW. The unit, which is powered by liquefied natural gas (LNG), belongs to a joint venture formed by BP, Siemens, Prumo Logística and Spic Brasil and will be the second largest operating thermal power plant in the country.

BR Malls (SA 🙂 – The Board of Directors of BR Malls has approved a share buyback program issued by the company itself. The resolution allows the acquisition of up to 42,186,434 ordinary shares, which represents 5% of the total outstanding shares in the market. Shares fell 0.23% to R$8.60.

American (SA 🙂 – Americana has announced the acquisition of Skoob, the nation’s largest digital readership platform, with more than 8 million users. The value of the transaction was not disclosed. Assets fell 1.19% to R$39.11.

Target (SA 🙂 – The airline will expand its flight-sharing agreement with American Airlines (NASDAQ 🙂 (SA :), making it exclusive for the next three years, according to Valor Ecomico. American will also own a 5.2% stake in Gol, and will get the right to a seat on the board of directors, after buying shares worth R$1 billion. Gol’s assets fell 0.91% to R$19.60.

Kobel (SA 🙂 – Copel’s president, Moacir Bertol, told Valor Econômico that the company will need to purchase energy this year to offset the reduced generation of the hydropower plants it operates, amid the water crisis. Shares fell 0.80% to BRL 33.44.

Rio Energy – Rio Energy Participações has pulled out of its initial public offering (IPO) in B3 due to unfavorable market conditions, according to a broadcast column. The group had submitted its IPO application to the Brazilian Securities and Exchange Commission (CVM) in March.

Hapvida (SA:) and Sul América (SA 🙂 – Regarding bids for acquisition of Grupo HB Saúde, Hapvida increased its bid from R$450 million to R$650 million, while Sul América raised its offer from R$485 million to R$563 million, according to facts materials sent to the Brazilian Securities Commission ( CVM). Shares of Hapvida fell 0.52% to R$15.30, while Sul América shares rose 0.07% to R$28.48.

Unibar (SA 🙂 – After winding down a process that could lead to a merger and acquisition (M&A) involving Unipar Carbocloro, controlling company Vila Velha will focus on growth opportunities, including buying assets in the country and abroad, according to Valor Econômico. Unipar’s assets rose 2.04% at R$97.96.

Banrisul (SA 🙂 – In the coming months, Banrisul will open a massive “green” data center, with an investment of R$83 million, according to Valor Econômico. Shares rose 0.34% to R$11.96.