Workers’ Party criticized decision, as unions and minority shareholders filed lawsuits to cancel extraordinary payment 11/04/2022 Petrobras announced on Thursday afternoon the distribution of dividends worth R$43.68 billion related to the results of the third quarter. The payment was approved in a meeting of the Board of Directors, even after the Association of oil workers […]
Total investment is up to R$15 bn to build more than 700 kilometers of new tracks until 2025 11/04/2022 Beto Abreu — Foto: Claudio Belli/Valor Cosan’s logistics company Rumo approved on Thursday the start of works to extend its rail network in Mato Grosso. The construction works are expected to begin this year and gain […]
Company received initial investment of R$108m, will focus on large consumers 11/03/2022 Murilo Soares — Foto: Silvia Zamboni/Valor Vitol, the world’s largest independent oil trading company, has launched its energy trading company in Brazil – a segment in which consumers directly negotiate their demands. The new company is called Vitol Power Brasil and aims at […]
Analysts start to review recommendation after elections 11/03/2022 Petrobras, Brazil’s largest company by revenues and market capitalization, emerged as a clear loser from presidential election — Foto: Leo Pinheiro/Valor Analysts had a thorny task in the last few months: predicting the future of Brazilian listed companies, especially state-owned ones, before the tightest presidential election ever, […]
With Lula da Silva’s victory, oil company is expected to analyze again plan to leave industry 11/03/2022 Petrobras may or may not exercise the right of preference to acquire the partner’s stake, sell its part or remain in the business — Foto: Edilson Dantas/Agência O Globo The sale of Petrobras’s stake in Braskem is uncertain […]
Purchase is first since IPO, in April last year, and new mergers and acquisitions are expected 10/01/2022 Marcelo Rodolfo Hahn — Foto: Ana Paula Paiva/Valor Blau Pharmaceuticals signed a contract to purchase 100% of the capital stock of Bergamo Laboratory, a subsidiary of the American Amgen, one of the largest biotechnology companies in the world, […]
Steelmaker, which acquired a line to make high added value, pre-painted steel in South Korea, has a project valued at up to R$400m 11/01/2022 Luis Fernando Martinez — Foto: Silvia Zamboni/Valor Brazilian steelmaker CSN wants to occupy a market seen as relevant for high-value-added steel that is currently served by imported material, almost entirely from […]
Mercosur and the EU continue to work technically on the bi-regional agreement 11/01/2022 Ursula von der Leyen — Foto: Jean-Francois Badias/A The European Union signaled its opposition to president-elect Luiz Inácio Lula da Silva’s intention to change the Mercosur-EU agreement. On Saturday, the day before the runoff vote, Mr. Lula da Silva published an article […]
Average revenue estimate of R$163.7bn represents 34.6% increase over 2021 10/31/2022 Analysts expect that state-owned company will maintain good cash generation in the quarter — Foto: Geraldo Falcão/Agência Petrobras Oil prices and the exchange rate are expected to have a prominent role in the third-quarter earnings report Petrobras is set to release after the market […]