The Most Attractive Employers in Brazil
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Companhia Brasileira De Distribuição Material Fact
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO PUBLICLY-HELD COMPANY WITH AUTHORIZED CAPITAL CNPJ/ME No. 47.508.411/0001-56 NIRE 35.300.089.901 MATERIAL FACT Companhia Brasileira de Distribuição (“Company” or “GPA”), in accordance with article 157 of Law 6,404/76 and CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that its Board of Directors, at the meeting held on this date, approved initiating a study to segregate its cash and carry unit through a partial spin-off of the Company and its wholly owned subsidiary Sendas Distribuidora S.A. (“Assaí” and the “Spin-off”, respectively). The Spin-off will be preceded by the transfer of the shareholding interest currently held by Assaí in Almacenes Éxito S.A. to GPA (the Spin-off, together with the preceding transfer aforementioned, the “Potential Transaction”). The goal of the Potential Transaction is to unleash the full potential of the Company’s cash & carry and traditional retail businesses, allowing them to operate on a standalone basis, with separate management teams, and focusing on their respective businesses models and market opportunities. Additionally, the Potential Transaction will provide each of the businesses with direct access to the capital markets and other sources of funding, hence allowing them to prioritize investments according to each company’s profile, thus creating more value for their respective shareholders. Upon the implementation of the Potential Transaction, the shares issued by Assaí and held by the Company will be distributed to the Company’s shareholders, on a pro rata basis. The distribution of shares will occur after the listing of Assaí’s shares on the Novo Mercado segment of B3 S.A. -
Fidelity® Emerging Markets Index Fund
Quarterly Holdings Report for Fidelity® Emerging Markets Index Fund January 31, 2021 EMX-QTLY-0321 1.929351.109 Schedule of Investments January 31, 2021 (Unaudited) Showing Percentage of Net Assets Common Stocks – 92.5% Shares Value Shares Value Argentina – 0.0% Lojas Americanas SA rights 2/4/21 (b) 4,427 $ 3,722 Telecom Argentina SA Class B sponsored ADR (a) 48,935 $ 317,099 Lojas Renner SA 444,459 3,368,738 YPF SA Class D sponsored ADR (b) 99,119 361,784 Magazine Luiza SA 1,634,124 7,547,303 Multiplan Empreendimentos Imobiliarios SA 156,958 608,164 TOTAL ARGENTINA 678,883 Natura & Co. Holding SA 499,390 4,477,844 Notre Dame Intermedica Participacoes SA 289,718 5,003,902 Bailiwick of Jersey – 0.1% Petrobras Distribuidora SA 421,700 1,792,730 Polymetal International PLC 131,532 2,850,845 Petroleo Brasileiro SA ‑ Petrobras (ON) 2,103,697 10,508,104 Raia Drogasil SA 602,000 2,741,865 Bermuda – 0.7% Rumo SA (b) 724,700 2,688,783 Alibaba Health Information Technology Ltd. (b) 2,256,000 7,070,686 Sul America SA unit 165,877 1,209,956 Alibaba Pictures Group Ltd. (b) 6,760,000 854,455 Suzano Papel e Celulose SA (b) 418,317 4,744,045 Beijing Enterprises Water Group Ltd. 2,816,000 1,147,720 Telefonica Brasil SA 250,600 2,070,242 Brilliance China Automotive Holdings Ltd. 1,692,000 1,331,209 TIM SA 475,200 1,155,127 China Gas Holdings Ltd. 1,461,000 5,163,177 Totvs SA 274,600 1,425,346 China Resource Gas Group Ltd. -
Templeton Latin America Fund - I LU0229944334 31 August 2021 (Acc) USD
Franklin Templeton Investment Funds Latin America Equity Templeton Latin America Fund - I LU0229944334 31 August 2021 (acc) USD Fund Fact Sheet For Professional Client Use Only. Not for distribution to Retail Clients. Fund Overview Performance Base Currency for Fund USD Performance over 5 Years in Share Class Currency (%) Templeton Latin America Fund I (acc) USD MSCI EM Latin America Index-NR Total Net Assets (USD) 733 million Fund Inception Date 28.02.1991 140 Number of Issuers 36 Benchmark MSCI EM Latin America 120 Index-NR Morningstar Category™ Latin America Equity 100 Summary of Investment Objective The Fund aims to achieve long-term capital appreciation by investing primarily in equity securities of issuers 80 incorporated or having their principal business activities in the Latin American region. 60 Fund Management 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 Gustavo Stenzel, CFA: Brazil Discrete Annual Performance in Share Class Currency (%) 08/20 08/19 08/18 08/17 08/16 Ratings - I (acc) USD 08/21 08/20 08/19 08/18 08/17 I (acc) USD 24.44 -20.38 15.27 -13.58 19.77 Overall Morningstar Rating™: Benchmark in USD 34.73 -23.59 8.86 -11.80 22.63 Asset Allocation Performance in Share Class Currency (%) Cumulative Annualised Since Since 1 Mth 3 Mths 6 Mths YTD 1 Yr 3 Yrs 5 Yrs Incept 3 Yrs 5 Yrs Incept I (acc) USD 0.24 -4.37 10.65 0.19 24.44 14.21 18.21 105.68 4.53 3.40 4.66 Benchmark in USD 0.84 -0.65 16.40 5.33 34.73 12.07 21.22 102.56 3.87 3.92 4.55 % Equity 99.03 Past performance is not an indicator or a guarantee of future performance. -
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BTG Pactual Multi Ações Fundo de Investimento de Ações (Administrado pela Citibank Distribuidora de Títulos e Valores Mobiliários S.A.) Demonstrativo da composição e diversificação da carteira em 30 de setembro de 2015 (Em milhares de Reais) Valor de % sobre mercado/ patrimônio Aplicações/especificações Quantidade realização líquido Disponibilidades 155 1,13 Títulos e valores mobiliários 13.043 95,21 Ações 13.043 95,21 BRF - Brasil Foods S.A. 22.779 1.608 11,74 Itaú Unibanco Holding S.A. 44.939 1.191 8,69 Ambev S.A. 56.635 1.100 8,03 Cielo S.A. 26.533 973 7,10 Lojas Renner S.A. 51.465 947 6,91 Banco Bradesco S.A. 30.998 675 4,93 Equatorial Energia S.A. 18.744 635 4,64 Ultrapar Participações S.A. 9.094 607 4,43 BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros 53.993 598 4,37 Vale S.A. 38.428 563 4,11 Petróleo Brasileiro S.A. - Petrobrás 71.846 558 4,07 BB Seguridade Participações S.A. 13.538 336 2,45 JBS S.A. 17.824 299 2,18 Klabin S.A. 12.031 263 1,92 Itausa - Investimentos Itaú S.A. 30.100 215 1,57 Embraer - Empresa Brasileira de Aeronáutica S.A. 7.370 188 1,37 Telefônica Brasil S.A. 5.065 186 1,36 Krotom Educacional S.A. 23.476 181 1,32 Fibria Celulose S.A. 2.417 130 0,95 CCR S.A. 9.163 112 0,82 Suzano Papel e Celulose S.A. -
Carteira Dividendos Itaúsa
Carteira Dividendos Abril/2021 CARTEIRA DIVIDENDOS 29/03/2021 Carteira Dividendos A Carteira Dividendos, composta por cinco ativos, é focada na maior previsibilidade do fluxo de caixa gerado pelas empresas de sua composição, sendo a mais indicada para o investidor com perfil conservador, mas que tolere os riscos do investimento em renda variável. Ressaltamos a expectativa de retorno médio via dividendos de 7,0% para 2021 (medido pelo dividend yield médio da carteira). Para o mês de abril, optamos por não realizar mudanças na composição da carteira. Vol. Méd Preço P/L EV/EBITDA Yield Peso na Empresa Setor Ticker Recomend. carteira 3m R$ mn Alvo 2021 2022 2021 2022 2021E Itaúsa Bancos ITSA4 NEUTRA 336,3 20,0% R$ 13,00 8,3 7,5 - - 4,8% Ecorodovias Concessão ECOR3 COMPRA 49,3 20,0% R$ 20,00 9,7 17,0 5,7 6,8 4,1% Taesa Energia Elétrica TAEE11 COMPRA 88,5 20,0% R$ 35,00 13,4 13,4 13,3 - 8,2% Telefonica Brasil Telecom VIVT3 NEUTRA 92,6 20,0% R$ 61,00 14,2 11,2 4,4 4,3 8,4% Vale Mineração VALE3 COMPRA 2545,9 20,0% R$ 133,00 4,8 6,7 3,0 3,9 9,5% Fonte: Bloomberg; Bradesco BBI Itaúsa Acreditamos que a Itaúsa pode ser uma boa alternativa ao Itaú, tendo uma grande exposição ao banco e, ao mesmo tempo, se diversificando cada vez mais, agora também no segmento de gás com o importante player Copagaz em seu portfólio. Além disso, em breve a holding terá participação na XP Inc por meio de um novo veículo (NewCo). -
Comunicado Ao Mercado
GAFISA S.A. CNPJ/MF n 01.545.826/0001-07 NIRE 35.300.147.952 Companhia Aberta COMUNICADO AO MERCADO São Paulo, SP, Brasil, 29 de outubro de 2018 - A GAFISA S.A. (B³: GFSA3; NYSE: GFA) (“Gafisa” ou “Companhia”), nos termos do Art. 30 da Instrução CVM n° 480/09, conforme alterada, comunica ao mercado que na Reunião do Conselho de Administração realizada hoje, foi deliberada a eleição dos membros do Comitê de Auditoria e do Comitê de Governança Corporativa e Remuneração da Companhia, todos com mandato até 11 de maio 2020, conforme abaixo: • Pedro Carvalho de Mello: atualmente, é (i) Professor da ESALQ/USP, coordenador acadêmico dos programas internacionais da FGV/IDE e coordenador do Programa FGV CEO; (ii) membro titular do conselho fiscal da B2W; (iii) membro suplente do conselho fiscal das Lojas Americanas; e (iv) membro fundador do Latin American Shadow Financial Committee (CLAAF). Ocupou os seguinte cargos: (i) membro titular do conselho fiscal do Banco do Brasil, UNIPAR e BNDESPAR, (ii) diretor da CVM, (iii) diretor da BM&F (atual B3), vice-presidente do PNC International Bank (Pittsburgh), (iv) diretor técnico (e pesquisador) do Instituto Brasileiro de Mercado de Capitais, e economista da Planave Projetos, e (v) consultor da A.T.Kearney D. Little e Economist Intelligence Unit. • Mu Hak You: de 2000 até a presente data atua como Diretor Presidente (CEO) da GWI Asset Management S.A. e atuou também como membro do Conselho de Administração das seguintes Companhias: (i) Paraná Banco S.A., (ii) Lojas Americanas S.A., (iii) Eternit S.A. -
Análise De Empresas 29/01/2019
Análise de Empresas 29/01/2019 Duratex: Reafirmamos nossa recomendação de DTEX3 Compra; Novo preço-alvo de R$ 16,00. Recomendação: COMPRA Preço-alvo: 16,00 • Reafirmamos nossa recomendação de Compra para as ações da Duratex e Upside: 28,2% aumentamos nosso preço-alvo para R$ 16,00/ação (aumento de 27%), já que agora incluímos a Joint Venture (JV) de celulose solúvel com a Lenzing 140 DTEX3 X IBOV em nossa avaliação; 130 120 • Os volumes de painéis de madeira devem se recuperar de maneira 110 consistente (+ 10% em base anual) em 2019 tendo em vista a melhora do 100 cenário macroeconômico. A Deca também deve se beneficiar, embora mais 90 80 timidamente (+3% em base anual); 70 DTEX3 IBOV • A utilização de capacidade para o mercado de painéis de madeira está 60 jan-18 abr-18 jul-18 out-18 jan-19 caminhando para 80%, fortalecendo o poder de precificação dos produtores; • A Duratex negocia com múltiplo de 10,2x EV/EBITDA 2019, mas com 85% Material de Construção de crescimento do EBITDA até 2021. Thiago Lofiego* José Cataldo Um bom veículo tendo em vista a recuperação econômica brasileira. +55 11 2178-5468 Reafirmamos nossa recomendação de Compra para as ações da Duratex e [email protected] aumentamos nosso preço-alvo para R$ 16,00/ação, já que agora incluímos a joint *Analista de valores mobiliários credenciado venture de celulose solúvel com a Lenzing em nosso modelo. Continuamos a ver o responsável pelas declarações nos termos do Art. 21 da nome como uma história convincente no mercado interno, com exposição significativa ICVM 598/18. -
Aviso De Derechos Para Emisoras Del SIC
Aviso de Derechos para emisoras del SIC FECHA: 08/03/2021 BOLSA MEXICANA DE VALORES, S.A.B DE C.V, INFORMA: FOLIO DE REFERENCIA DEL EVENTO CORPORATIVO 137412 FOLIO DE REFERENCIA INDEVAL 259318C004 TIPO DE MENSAJE Replace COMPLETO / INCOMPLETO COMPLETE CONFIRMADO / NO CONFIRMADO CONFIRMED CLAVE DE COTIZACIÓN CBD RAZÓN SOCIAL COMPANHIA BRASILEIRA DE DISTRIBUICAO GRUPO PAO DE ACUCAR SERIE N ISIN US20440T3005 MERCADO PRINCIPAL NEW YORK STOCK EXCHANGE TIPO DE EVENTO SPIN-OFF MANDATORIO / OPCIONAL / VOLUNTARIO Mandatory FECHA EXDATE 08/03/2021 FECHA REGISTRO 02/03/2021 DUE BILL OFF DATE 09/03/2021 OPCIÓN 1 TIPO Security DEFAULT true TRANSACCIÓN Cash Movement CREDIT / DEBIT Debit FECHA DE PAGO 05/03/2021 Bolsa Mexicana de Valores S.A.B. de C.V. 1 Aviso de Derechos para emisoras del SIC FECHA: 08/03/2021 FEE USD 0.03 TRANSACCIÓN Securities Movement CREDIT / DEBIT Credit FECHA DE PAGO 05/03/2021 AdditionalQuantityForExistingSecurities RATIO 1 / 1 NewIssue VALORES A RECIBIR US81689T1043 NOTAS DEL EVENTO CORPORATIVO NOTA (24/02/2021) Companhia Brasileira de Distribuicao – Distribution Symbol: CBD Companhia Brasileira de Distribuicao (CBD) has announced a distribution of (New) Sendas Distribuidora S.A. (ASAI) American Depositary Shares. The distribution ratio is 1.0 of an ASAI share for each CBD share held. The NYSE has set March 8, 2021, as the ex-distribution date for this distribution. Sendas Distribuidora S.A. American Depositary Shares will begin trading on a when issued basis on March 1, 2021 on the NYSE under the trading symbol “ASAI WI” and are anticipated to begin trading regular way on March 8, 2021, under the trading symbol “ASAI”. -
Latin American Fund QUARTERLY LETTER | THIRD QUARTER 2019
Latin American Fund QUARTERLY LETTER | THIRD QUARTER 2019 The Latin American Fund aims to achieve capital growth by investing in a concentrated portfolio of high-quality Latin American growth companies. The Fund seeks high absolute returns over the long term and minimises the level of long-term risk by choosing well- capitalised, high-quality investments at reasonable valuations. INTRODUCTION The fund returned -9.9% (net of fees) in the third quarter and -2.6% year-to-date. While we had a setback in Argentina during the quarter we believe the region is entering a multi-year economic upcycle. In particular, Brazil is passing a series of pro- productivity reforms just as it emerges from a bad recession, setting the scene PETER CAWSTON for a prolonged period of strong growth in this top-ten global economy. We think RUPERT BRANDT, CFA Portfolio Manager Portfolio Manager this is positive for the region as a whole and particularly positive for the private sector in Brazil, where the government will deliberately shrink the market share of state-owned companies, allowing the private sector to grow much faster than the economy without taking undue risk. Interest rates at all-time lows in Brazil will stimulate the economy and should drive a reallocation of local assets from fixed income into equities, potentially kicking off Brazil’s first domestically-driven bull market. We have both spent time in Brazil in the past couple of months and for the first time in years the mood on the ground is very positive. At the end of the quarter we had 64.1% invested in Brazil, 16.5% in Peru, 9.7% in Colombia, 4.8% in Chile, 2.7% in Argentina, and 0.8% in Mexico. -
U.S. Corporate Scores 2018
01 DISCLOSURE INSIGHT ACTION U.S. CORPORATE SCORES 2018 02 CORPORATE DISCLOSURE TO INVESTORS IN NORTH AMERICA 124 9 28 510 63 192 CONTENTS 03 04 CDP scoring methodology 2018 06 The A-List: North America 08 Corporate scores 34 Appendix I: CDP Activity classification system (cdp-acs) 40 Appendix II: Investor Members and Signatories 46 Appendix III: CDP Supply Chain Members Important Notice The contents of this report may be used by anyone providing acknowledgment is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. CDP has prepared the data and analysis in this report based on responses to the CDP 2018 information request. No representation or warranty (express or implied) is given by CDP as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information and views expressed herein by CDP are based on their judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors. -
Lojas Americanas S.A. CNPJ/ME N. 33.014.556/0001-96 NIRE 3330002817-0 Americanas S.A. CNPJ/ME N. 00.776.574/0006-60 NIRE 3330029
Lojas Americanas S.A. americanas s.a. CNPJ/ME n. 33.014.556/0001-96 CNPJ/ME n. 00.776.574/0006-60 NIRE 3330002817-0 NIRE 3330029074-5 NOTICE TO SHAREHOLDERS Lojas Americanas S.A. ("Lojas Americanas") and americanas s.a. (new corporate name of B2W – Companhia Digital) ("americanas" and, jointly with Lojas Americanas, the "Companies"), following what was disclosed in the Notice to Shareholders on June 09, 2021 ("Notice to Shareholders"), and in view of the approval of the partial spin-off of Lojas Americanas, followed by the merger of the spun-off portion into americanas ("Partial Spin-off"), in the extraordinary general meetings of both Companies held on the date hereof ("EGMs"), hereby confirm to their shareholders the dates disclosed in the Notice to Shareholders for the events that will follow the Partial Spin-off. Withdrawal Rights ("LAME3 Withdrawal Rights") The shareholders of Lojas Americanas that do not vote in favor of the Partial Spin-Off will be ensured the right not to become shareholders of americanas, by means of reimbursement of the interest they would receive in americanas related to the voting shares they hold in Lojas Americanas, demonstrably and uninterruptedly, since April 28, 2021 (inclusive), without prejudice to their maintaining title to their common shares in Lojas Americanas following the Partial Spin-Off. Shareholders of Lojas Americanas who have acquired common shares after this date will not be entitled to exercise their right to withdraw with regards to these new shares, pursuant to §1 of article 137 of Law No. 6.404/76. The preferred shares of Lojas Americanas fall under the liquidity and dispersion criterion set out in Art. -
Best Brazilian Brands 2012 Newuma Outlook Nova for Perspectiva Brazilianpara Asbrands Marcas Brasileiras
Best Brazilian Brands 2012 www.rankingmarcas.com.br NewUma outlook nova for perspectiva Brazilianpara asbrands marcas brasileiras Interbrand onceMais again uma has vez the a Interbrandpleasure tem o prazercompanies to seeempresas Brazil as estrangeiras a growth opportunity vejam o Brasil como of introducingde the apresentar ranking of o Bestranking Marcas Brasileirasand they have umadecided oportunidade to gain a foothold de cres- here.cimento e decidam Brazilian Brands.Mais Valiosas. From Europeanfincar retail chainso pé de to vez Chinese no país. automakers, these companies are not only posing Just as they didAssim last year, como many no ano brands passado, seized a maioria tougher das competitionDe redes for deBrazilian varejo europeiasbrands, but a montadoras on the favorablemarcas situation aproveitou in the domestico bom momento doalso offering newde automóveisoptions for consumers, da China, estasnew empresas não market to boostmercado their value: nacional our brand para incrementar interactionsseu andsó a trazem different maior perspective concorrência on brands. para nossas portfolio’s totalvalor: value a is soma up almost total de5% nossoand this portfólio de marcas, como também apresentam novas year's "cut-off"marcas of R$ 250 aumentou million is A must-mentionopções is the ao comeback consumidor, company novas interações significantly higherem quase than 5% 2011's e a “nota [R$ 209 de corte” desteHavaianas, ano é againe um up ponto among de thevista most diferente valuable sobre marcas. million]. de R$ 250 milhões,um valor significativa-Brazilian Brands. As one of Brazil's most mente superior a 2011 [R$ 209 milhões].globally recognizedNão podemos brands, provides deixar de significant destacar o retorno With the eyes of the world on Brazil, learnings to othersde Havaianas Brazilian às brands Marcas that Brasileiras have Mais our brands haveCom an osopportunity olhos do mundo to tap voltados the parayet o Brasil, to consolidate Valiosas: their presence uma de nossasoutside marcas Brazil.