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    BRF Shareholders’ Meeting (BRFS3) and new model for the sale of Santos Dumont; get ready for the week

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    BRF will propose at the meeting a capital increase through a primary offering of up to 325 million new shares (Image: REUTERS/Nacho Doce)

    At the beginning of the week, the BRF (BRFS3) brings together shareholders to define a capital increase through a share offering that could raise almost R$8 billion.

    The work of the group created to improve the concession model for Santos Dumont airport and a new meeting of the TCU, which can resume the discussion on the capitalization of Eletrobras (ELET3;ELET6).

    to week

    • January 17: BRF will propose in assembly a capital increase through a primary offering of up to 325 million new shares — which would represent a fundraising of BRL 7.8 billion by yesterday’s closing
    • 18/January: Nothing planned so far
    • January 19: TCU session that can resume discussion on Eletrobras capitalization process, after the request for visas in December
    • December 19: Working group created by the Ministry of Infrastructure and the government of the State of Rio de Janeiro begins work to improve the airport concession model Santos Dumont (RJ). Group has 30 days to present new model
    • 20/January: Nothing planned so far
    • 21/January: Nothing planned so far

    Avalia follow-on

    A Dotz (DOTZ3) is studying making a subsequent offering of shares to increase the liquidity of the papers, Reuters said, citing the company’s president, Roberto Chad. Dotz’s share was set at R$13.20 at the IPO, but was traded at R$3.08 on January 12.

    acquisition target

    At least 4 renewable energy companies for sale in the country attract the interest of national and international groups, Valor said, citing sources who spoke on condition of anonymity. Two of these assets, Ibitu Energia and Rio Energy, are valued at R$12 billion. There are also assets of Renova Energia and EDP Renováveis ​​for sale, according to the report.

    Who takes?

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    Citigroup has put its retail bank in Mexico, Citibanamex, up for sale. what started the betting round to find out who will take. Banco Azteca, Inbursa e Itaú Unibanco (ITUB4) were cited by analysts from the Morgan Stanley in report.

    Itaú had no plans to make an offer, according to people interviewed by Bloomberg. A day later, the Brazilian bank announced the purchase of control of the brokerage firm Ideal Holding for R$ 650 million, with an option to acquire 100% of the capital in 5 years.

    Source From: Moneytimes

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