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MGLU3’s actions and the cancellation of PETR4; see the highlights on SP’s birthday

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What to do with Magazine Luiza shares (MGLU3) and the cancellation of the Petrobras operation (PETR4) (Image: Money Times/Renan Dantas)

What to do with shares Magazine Luiza (MGLU3), after the 60% increase in the last month, and the cancellation of the Petrobras (PETR3;PETR4) are the corporate highlights this Wednesday (25).

The papers of MGLU3 skyrocketed 60% in just over 20 days. So far, the paper leads the rise of the Ibovespa (IBOV) in January.

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According to analysts who spoke with the Money Timesthe reason for the appreciation is simple: investors migrated from Americans for the company.

For Leandro Petrokas, research director at Quantzed, the market is understanding that MGLU3 will win the market share (market share) of AMER3“since they are direct competitors, mainly in e-commerce”.

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See what to do with the retailer’s shares.

Petrobras (PETR4)

Petrobras ended the competitive process for the full sale of Unit of Nitrogenated Fertilizers III (UFN-III)as announced last Tuesday (24).

The divestment process was in the binding phase, with potential buyers receiving guidance on carrying out due diligence and for sending binding proposals.

The oil company stated that it will now evaluate the next steps related to the divestment of the asset, in line with the current strategic plan for 2023-2027.

Itaú (ITUB4)

THE Itaú Unibanco (ITUB4) classified this Tuesday as “frivolous” the attempt to attribute to the banks responsibility for the irregular accounting practices of the Americans (AMER3).

The statement was in response to the note from the retailer’s reference shareholders.

In the first public manifestation about the accounting problems involving the retailer, Jorge Paulo LemannMarcel Telles and Carlos Alberto (Beto) Sicupira stated that they were never aware of any accounting maneuvers.

Last Tuesday (14), Itaú stated that the preparation and approval of financial statements that reflect the company’s reality are the sole and exclusive responsibility of the company’s management, “and without any influence from banks or other creditors”.

Know more! IBOVESPA PERSPECTIVES 2023: HOW WILL THE COMPANIES YEAR BE? IMPACT OF THE BRAZILIAN ECONOMY ON THE INDEX!

Source: Moneytimes

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