Braskem is rated investment grade by S&P; news from Engie, Gerdau, Fleury, Sinqia and more

SAO PAULO – Corporate news highlights S&P raising Braskem’s rating, Engie Brasil putting into operation this Thursday the last three of the 11 wind farms in its Campo Largo II asset and Gerdau executives signaling that they may anticipate the payment of dividends to shareholders for 2021 due to the reform of the IR during Investor Day. Check out what to look out for:

On Thursday, the S&P rating agency raised the credit rating assigned to Braskem, from BB+ to BBB-, to investment grade, with a stable outlook.

In a report, S&P cited Braskem’s solid cash flow in the first half and the fact that the company had reduced its gross debt by about $1.7 billion.

“The stable outlook indicates our view that the company will maintain leverage at about or below 2.5x over the next two to three years, despite expectations of lower petrochemical spreads in the future,” the agency said.

Engie Brazil (EGIE3)

Engie Brasil, the arm of the French company Engie, put into operation this Thursday the last three of the 11 wind farms in its Campo Largo II asset, with 361.2 MW of total installed capacity, after authorization from the regulatory agency Aneel, according to a statement sent to the market.

Campo Largo II is located in the municipality of Umburanas, approximately 420 km from Salvador (BA), the same region where the company already commercially operates the Campo Largo and Umburanas wind farms (686.7 MW of installed capacity). The delivery takes place at a time when the government has been seeking alternatives to guarantee energy supply, amid the biggest water crisis in more than 90 years, which affects hydroelectric reservoirs, the largest source of energy in Brazil.

On Wednesday, mining company Vale began operating its first six autonomous off-road trucks in the Carajás Complex, in Pará, expanding the use of technology already used in Minas Gerais, which does not require the presence of operators inside the cabins, in search of more safety. , operational and environmental gains. In Carajás, Vale’s largest iron ore production complex is located, and the company says it hopes to increase productivity.

At an annual meeting with investors, held virtually on Thursday, Gerdau executives signaled that they will be able to bring forward the payment of dividends to shareholders for 2021, after the Chamber of Deputies approves the Income Tax reform, establishing taxation of dividends and ending with the interest on equity (JCP) mechanism. Gerdau’s investor relations director, Harley Scardoelli stated that the dividend distribution rate should remain at around 30% for the time being.

Fleury, through its wholly owned subsidiary, Fleury Advanced Medical Procedures Center (Fleury CPMA), has completed the purchase of 100% of Laboratório Pretti.

Fleury CPMA also completed the purchase of 100% of Laboratório Bioclinico. The two laboratories are located in Espírito Santo.

“The two acquisitions mark the entry of Grupo Fleury in the State of Espírito Santo, and represent another strategic move for the Company, expanding its national reach and further complementing its offer in the Southeast region of the country,” stated the company.

Sinqia priced its follow-on offer at R$23 per share, resulting in an amount of R$400 million. According to the company, the amount will be used for acquisitions and investments in the application software market for the financial sector.


RV Tecnologia has applied for registration for an initial public offering (IPO), seeking resources to expand its core business of recharge cards, in addition to financial services and payment terminals (POS). Created in 2002, RV sells mobile and TV recharge cards, transport cards, phone chips, terminals for payment with debit and credit cards and financial services, such as payments and microinsurance.

The company had net revenue of R$193.88 million in the first half, an increase of 21.9% compared to the same stage in 2020, with the Ebitda margin rising from 16.2% to 21.1%. In the prospectus, RV says it plans to use the proceeds from the sale of new shares for acquisitions (M&A), organic growth and working capital.

(with Reuters and Estadão Content)

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