Vale announced on Monday (29), at its meeting with investors in New York, that it should produce up to 335 million tonnes of iron ore in 2022, an increase of 4.6% compared to the projection (“guidance”) of up to 320 million tonnes by 2021. The target indicates recovery after the 2020 drop due to stoppages at several mines. Nickel production could reach up to 190,000 tons in 2022 and 2023 — and surpass 200,000 tons in 2024. Copper production, on the other hand, should be between 330 and 335 million tons in 2022. Investment projections are US$ 5.8 billion in 2022 and up to $6 billion on average over the next few years. Vale also announced its ESG targets and announced that it will invest around US$ 200 million by 2030 to reduce poverty in the countries where it operates, through income generation, education and health programs in urban and rural areas. Investments in ESG will help to improve the perception of risk that the company started to face after the tragedies of Brumadinho and Mariana (MG).
PETROLEUM
Petrobras guarantees dividends to investors
General Joaquim Silva e Luna, president of Petrobras, told investors during a presentation in New York that the state-owned company will comply with what was defined by the Board of Directors in relation to dividends. On November 24, the Board approved the revision of the Shareholder Remuneration Policy, which is now at least US$ 4 billion per year for the years in which the average price of a barrel of Brent oil is higher to US$ 40, regardless of Petrobras’ indebtedness. “When we make commitments, it is because we are able to fulfill them,” said Luna.
CLOTHING
Arezzo buys brand Carol Bassi luxury
Arezzo announced the purchase of the Carol Bassi brand, one of the main women’s luxury apparel brands in Brazil, for R$ 180 million. With the deal, the company expands its position in the fashion and retail segment, including brands such as Anacapri, Baw, Reserva and Schutz in the portfolio. The amount will be paid in cash and shares, with the majority of the amount being disbursed within one year after the closing of the transaction. Another R$40 million may be paid between 2022 and 2025, subject to the achievement of targets. Arezzo expects the new brand to reach gross revenue of R$ 110 million in 2022.
HIGHLIGHTS ON THE TRADING
Locates may assign Unidas brand
Localiza informed Cade that it could sell the Unidas brand and 30,000 vehicles, around 6.5% of the combined fleet of the two companies, for the regulatory body to approve the merger with Unidas. The operation is questioned by competitors Ald Automotive, Fleetzil, from the Volkswagen Group, Movida and Ouro Verde. The transfer of the Unidas brand would mean selling the stores and the brand to a competitor or a new market participant. Localiza would only manage the companies’ fleets. The measures already proposed by Cade to approve the merger were to sell branches at airports where brands overlap and cancel the agreement that prevents Canadian Vanguard, controller of Locamerica, from entering Brazil.
TEACHING
Anima sells 25% of Inspirali
Ânima Educação announced on Monday (29) the sale of 25% of Inspirali, its medicine education division, to the DNA Capital fund for R$ 1 billion. Inspirali ranks second in medical education in Brazil, with 10,000 students. The funds will be used for acquisitions and investments in technology. On Wednesday (1), Ânima announced the purchase of 51% of Ibcmed for R$ 10 million. Ibcmed has 2,200 students in 22 medicine courses. Created in 2013, DNA Capital is the largest investor in healthcare in Latin America.
WHO GOES THERE
B3 Announces New Ibovespa Portfolio
On Wednesday (1), B3 announced the new composition of the Ibovespa portfolio, which will run from January 3 to April 29, 2022. Two shares entered the index, Porto Seguro ON and Positivo ON. Thus, the theoretical portfolio of Ibovespa now has 93 shares from 89 companies. The largest share, which belongs to Vale, rose from 14.477% to 14.829%. The weight of Petrobras PN increased from 5.222% to 6.742% and the share of Bradesco PN rose from 4.517% to 4.686%. The share of Itaú Unibanco PN fell from 6.180% to 5.363%.
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