quarta-feira, 05 de fevereiro, 2020

With Braskem in Novo Mercado, Petrobras opens door to company exit

Petrobras is focused on bringing Braskem to Novo Mercado, a segment of greater requirements for B3's corporate governance practices, as an effective first step to prepare ground for its departure from petrochemicals, through a subsequent supply of shares (follow on). After the migration to the most demanding segment of the Stock Exchange – which will require the extinction of non-voting papers, the preferred ones - the company will proceed to the offer. It will mark the full exit of Petrobras, which has 47% of the common shares and 22% of the preferred shares, petrochemical. Although Braskem's stock is not at a good time, with a cumulative drop of 33% in 12 months and quoted at R$ 34.40, the state company will sell the asset with a lot of profit. In the oil company's accounting books, the stock is marked at R$ 10. By parts. It is already beginning to be designed, even informally, a schedule for this exit route of the oil company. One of the initiatives is the conclusion of the negotiation of the NAFTA contract that expires at the end of the year, with the aim of taking the pressure off the price of paper. NAFTA is the main raw material of the petrochemical industry and supplied by Petrobras. Petrobras is focused on bringing Braskem to Novo Mercado, a segment of greater requirements for B3's corporate governance practices, as an effective first step to prepare ground for its departure from petrochemicals, through a subsequent supply of shares (follow on). After the migration to the most demanding segment of the Stock Exchange – which will require the extinction of non-voting papers, the preferred ones - the company will proceed to the offer. It will mark the full exit of Petrobras, which has 47% of the common shares and 22% of the preferred shares, petrochemical. Although Braskem's stock is not at a good time, with a cumulative drop of 33% in 12 months and quoted at R$ 34.40, the state company will sell the asset with a lot of profit. In the oil company's accounting books, the stock is marked at R$ 10. By parts. It is already beginning to be designed, even informally, a schedule for this exit route of the oil company. One of the initiatives is the conclusion of the negotiation of the NAFTA contract that expires at the end of the year, with the aim of taking the pressure off the price of paper. NAFTA is the main raw material of the petrochemical industry and supplied by Petrobras.
O Estado de S. Paulo - 05/02/2020 Noticia traduzida automaticamente
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