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SAO PAULO – The corporate news item highlights more information on the sale of Oi’s mobile operation to TIM, Claro and Vivo, the occurrence of a fire at the company’s facilities in Vale’s New Caledonia, the launch of Tecnisa and EzTec projects , among other highlights. Check it out below:
Vale reported on Monday a fire at the company’s facilities in New Caledonia, a French government territory in the Pacific. According to the mining company, the focus of the fire, which started at 5 pm (local time), was located in the company’s mine and associated infrastructure. According to the daily Valor, it was provoked by protesters demanding the island’s independence. So far, the fire has not been attributed to a specific group.
Vale said in a statement that the fire department and the military forces (gendarmes) were at the scene overnight.
“The plant, located 7 km away, remains safe and protected by the Gendarme,” he said, adding that “it repudiates acts of violence and reaffirms its commitment to the safety and protection of VNC and community employees.”
The company had already communicated last Thursday the interruption of the operations of Vale Nouvelle-Calédonie (VNC), citing the independence demonstrations in French territory.
Just before the protests began, the company had announced the sale of its nickel plant there. The sale was closed with a consortium led by the current management and employees of Vale Nouvelle-Calédionie, with Trafigura, a Singapore-based multinational, as a minority shareholder. Vale had been fighting to make the operation profitable.
When announcing the sale, Vale stated that the operation would guarantee “the continuity of the exploration and development of the plant with respect to its social and environmental responsibilities by a new company (which was named) Prony Resources, in which local investors control fifty% “.
The announcement of the sale came after several days of blockades and clashes with the security forces.
Independents from the FLNKS (National Socialist Liberation Front Kanak), the group “Usine du sud: usine pays” and Ican (indigenous negotiation forum) defend the nationalism of the mining area and totally oppose the presence of Trafigura. They supported a separate offer, in association with Korea Zinc, which was rejected by Vale before the Korean group announced on Monday that it would end the dispute.
On the commodity radar, China’s iron ore futures advanced after a volatile session on Tuesday, supported by lingering concerns about the supply of material used in steelmaking and strong data on Chinese industrial production. . The most active iron ore contract on the Chinese stock exchange in Dalian DCIOcv1, for May, ended with a 1.5% increase, to 994 yuan (US $ 151.66) per ton, after surpassing the mark of 1,000 yuan. during the session. The mark had already been reached earlier on Friday.
Iron ore shipments from Australia and Brazil fell for a second week between December 7 and 13, by 1 million tonnes, or 4.7%, to 22.7 million tonnes, according to consultancy Mysteel.
Oi (OIBR3; OIBR4), Telefônica Brasil (VIVT3), Claro and TIM (TIMS3)
TIM, Telefônica Brasil and Claro, from América Móvil, won the auction on Monday to buy the operations of Oi’s mobile network for R $ 16.5 billion, the companies said. The three companies, which submitted an initial proposal in July, plan to split Oi’s assets as soon as they get antitrust approval. Oi, which filed for bankruptcy in 2016, is selling a number of assets to raise funds and pay off its creditors.
TIM will be responsible for the largest disbursement, 44% of the Base Price and Transition Services values, totaling approximately R $ 7.3 billion. “Regarding the financing of this acquisition, TIM, considering its low indebtedness and current market conditions, believes that it is possible to finance it through the local debt market and its cash generation,” the company said. The group will reach approximately 14.5 million clients (40% of UPI Ativos Móveis’ total base).
Telefônica will be responsible for 33% of the Base Price and Transition Services, equivalent to approximately R $ 5.5 billion, and will have approximately 10.5 million customers (corresponding to approximately 29% of the total base of UPI Ativos Móveis) .
Claro will be responsible for the payment of R $ 3.7 billion (approximately 22% of the purchase price). The group will also have 32% of UPI Ativos Móveis’ total customer base, according to Anatel’s April / 2020 access base.
Cogna Educação is preparing the launch of an educational marketplace aimed at young people and adults that will integrate its own products with others offered by third parties, with the expectation of preserving their businesses amid the crisis generated by the pandemic, the executive president of the company. , Rodrigo Galindo, in an online presentation.
“The platform (marketplace) may be transforming in the medium and long term for our organization,” said Galindo. He did not mention the release schedule.
According to the executive, the marketplace will allow the expansion of the Cogna market in Brazil from the current R $ 56 billion to R $ 121 billion in 2025.
The marketplace will offer products such as higher education, free, technical and language courses, as well as services such as vocational guidance and even financial services, the executive said. He said the market already has 16 associated providers, including names like Saraiva Jur, Ccursos Livre and Consultoria da Educação.
Ultrapar (UGPA3)
Ultrapar, in a clarification to CVM after the news that it is considering selling Oxiteno for more than R $ 1 billion, said in a statement that it is evaluating strategic alternatives for its Oxiteno business, which include possible divestments.
According to the company, the movement has as a context the restructuring and consolidation in the global chemical industry and seeks to enable the continuity of the expansion and strengthening of Oxiteno, developed by the group more than 40 years ago.
EzTec announced the launch of the Signature by Ott residential tower, located in the South Zone of the city of São Paulo, 900 meters from Parque da Aclimação. The tower has 104 high-end units, with areas ranging from 120 to 176 m², generating a total General Sales Value (PSV) of R $ 194.5 million with a 50% stake in EZTEC, resulting in R $ 97.3 million PSV for the company.
Tecnisa announced the launch of two residential developments in the city of São Paulo, with a total PSV of R $ 254 million.
The first, called Auguri Mooca, is located in the Mooca neighborhood, east side of the city, and has a tower, with 68 residential units of 3 or 4 suites, between 152 and 179 square meters of private area and a PSV of R $ 125. million, with a 100% stake in Tecnisa.
The second project is located in Vila Romana, West Zone of the city, consisting of a single residential tower, with 140 units between 80 and 132 square meters, with a PSV of R $ 139 million and a 100% stake in Tecnisa.
Bradesco BBI began hedging the shares of Méliuz, a discount coupon startup, with a higher performance recommendation (performance above the market average) with a target price of R $ 20 (potential increase of 48% compared to the close of the previous day). The bank believes that the company has a “clear competitive advantage” in the sense of hiring specialized personnel, which should allow it to continue innovating at a faster pace, making it its “first choice” in the Latin American technology sector.
The bank appreciates that Méliuz faces risks and opportunities when entering new segments through mergers and acquisitions, and highlights that the company’s clients include Brazilian giants, such as Magalu, Submarino and VVAR. The company has already entered the financial segment, offering credit cards in partnership with Banco Pan, and Bradesco says it expects it to advance on other fronts, such as loans.
Currently, Méliuz has 13 million clients, of which 3.6 million are active users. Furthermore, despite being the largest player in its sector, its market share should be only 2.9% in 2020, which Bradesco BBI interprets as a sign that there is room for growth. The bank expects total revenue growth of 40% between 2020 and 2023, and notes that it has grown 213% in the last three years.
Bradesco BBI began to cover the food company Camil with a neutral recommendation and a target price of R $ 11.62, which represents a potential appreciation of 3% compared to the previous day’s close. The bank says the company is implementing a good diversification strategy, but says its valuation is at a “fair” level.
So far this year, the company has appreciated 30 percentage points above the Bovespa average, as investors bought in line with the rise in the price of rice. But Bradesco BBI estimates that, as in 2008 and 2009, the main factors driving the increase in prices are temporary: supply shocks and purchases made by the population in panic. Inventories are expected to increase in 2021 in Brazil, Bradesco says.
(With Agência Estado and Reuters)
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