Eneva offers fusion with AES Tietê in operation valued at $ 1.5 b n

Eneva sent to the generator AES Tietê, of the North American AES, a proposal for a business combination between the companies that would result in the creation of a “giant in the generation sector” in Brazil. The offer would involve a total of approximately R$6.6 billion ($1.5 billion) , with R$2.75 billion ($610.9 million) in cash and approximately R$3.9 billion ($866.6 million) in Eneva shares.

Source: Reuters

Financial market reduces estimate of Brazilian GDP to 2.17% for 2020

The estimate for the growth of the Gross Domestic Product (GDP) fell from 2.20% to 2.17% in 2020. The information is contained in the Focus bulletin, a weekly survey by the Brazilian Central Bank (BC), which brings the projections of financial institutions to the main economic indicators. The market estimates that the GDP for the following years, 2021, 2022 and 2023, remain 2.50%.

Source: Jornal do Brasil

B3 companies lose $80.4 bn in market value with coronavirus

The risk aversion registered in global markets last week also did not spare Brazilian companies listed on B3. They lost R$361.63 billion ($80.4billion) in market value in the three days that the Brazilian stock exchange was open after Carnival, according to a survey by Economatica. Petrobras was the company that lost the most value in the period: it ended last Friday (28) worth R$ 48.8 billion (10.8 billion) less than a week before.

Source: Infomoney