Raízen approves capital increase of up to R$39.8 billion and B3 extends trading during US summer time
Assemblies approved measures of Raízen's extrajudicial recovery plan, and B3 changes the closing of shares starting this Tuesday (3).
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 2 MIN
Raízen (RAIZ4) approved, in meetings held on Friday (30), corporate measures linked to its extrajudicial recovery plan. According to Money Times, the decision includes a capital increase of up to R$39.8 billion, one of the themes that highlighted this Tuesday's trading session (3).
The deliberations passed through three instances: the company's own extraordinary general meeting, the Raízen Energia extraordinary general meeting and a special meeting of preferred shareholders. According to Money Times, the text also mentions the preparation of a business separation, but without giving details about the format or calendar.
Extrajudicial recovery is an instrument in which the company negotiates with creditors outside the judicial process. Approvals at meetings are a formal step in this negotiation, but do not indicate, in themselves, how it will be concluded.
On another front, B3 extended the trading hours of the exchange and the organized counter from Tuesday (3). According to Times Brasil, the reason is daylight saving time in the United States, and the change affects stock and derivatives trading.
In practice, the opening of the spot market for shares continues at 10 am, but the closing moves from 5 pm to 5:55 pm. A closing call will now take place between 5:55 pm and 6:00 pm, and order cancellation is available until 6:45 pm.
The Money Times also mentions, among Tuesday's highlights, a launch of Itaú (ITUB4) and the full incorporation of an Embraer subsidiary (EMBJ3). The source does not provide details about either case, and therefore this text does not delve into them further.
What changes for the investor
For those who hold Raízen shares, the capital increase of up to R$39.8 billion is the point to watch. An issue of this size could dilute the participation of those who do not follow the operation, depending on how it is structured, something that the text does not detail. The business separation, also mentioned, does not yet have known contours. In the case of B3, the change does not change the opening, but expands the window for closing and canceling offers, which requires the attention of those who trade shares and derivatives when checking the brokerage's calendar and planning the day's orders.
Automatically translated from Portuguese.
