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Dommo (DMMO3), Eike Batista’s former OGX, has approval to be merged into Prio (PRIO3)

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The administrations of DommoOpCo and PRIO will meet to set the schedule for implementing the merger of shares (Image: PetroRio/Disclosure)

THE Dommo 🇧🇷DMMO3), former OGX from Eike Batistaannounced the approval of the incorporation of its shares by Prio 🇧🇷PRIO3🇧🇷

The news of the acquisition was announced in the second half of this year, when Prio announced its interest in buying shares in the former oil company owned by former billionaire Eike Batista, through its subsidiary Petro Rio OPCO Exploração Petrolífera.

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This Thursday (8), the Dommo and the Prio announced the approval of the transaction by the Austrian Federal Ministry of Labor and Economy, pursuant to the Foreign Direct Investment Approval (FDI).

From now on, the administrations of the DommoOpCo and PRIO will meet to set the timetable for implementing the merger of shares.

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The deadlines and procedures for the exercise will still be disclosed to investors.

Check out Prio’s ad:

Check out Dommo’s ad:

Know more! HOW DO FOOTBALL TEAMS MAKE MONEY?

Source: Moneytimes

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