A Truxt Investments now holds 42.7 million shares of Prio (PRIO3), which is equivalent to 4.82% of the company’s share capital, according to a press release this Thursday (1st). The slice represents a reduction compared to the 5.2% that the manager held until the last day 19.
According to the oil company, the investors declared that the changes made are not intended to change the composition of the company’s control or administrative structure. A little over two years ago, Truxt held around 15% of Prio’s shares.
The announcement comes at a time of greater pessimism about oil demand in the international market, at the same time that the Brazilian market is starting to look for stocks that will benefit from the drop in future interest rates.
Who else sells Prio
Lormont informed on the last 23rd that it also reduced the total shares held by Prio from 62.8 million to 31.6 million.
Avetti Strategic Partners, BlackRock and other smaller shareholders complete Prio’s composition.
View the company statement
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
