CVM Decision May Boost Spread Between Petrobras Shares: Itau BBA
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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PETR4 BZ (Petroleo Brasileiro SA)
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UUID: 7947283
(Bloomberg) -- (Machine translation provided by Google and reviewed by Bloomberg editors.)
- If CVM’s decision prevails and Petrobras can no longer use hedge accounting, the change could boost earnings in 2016, leading to dividend payments and favoring the spread of the company’s common and preferred shares, Itau BBA says report
- In other words, preferred shares can be traded with premium over common shares
- Potential profit for Petrobras throughout the 2016 without hedge accounting may be 18.5b reais, leading to the payment of 4.6b reais in dividends, Itau BBA says
- NOTE: Petrobras Says CVM Has Asked Co. to Refile 2013-2015 Earnings NSN OMHQI56JIJV6
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PETR4 BZ (Petroleo Brasileiro SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283