By Brazil Stock Guide — Simpar S.A. (B3: SIMH3) on Sunday (28) denied media reports suggesting the holding company was preparing a mega-capitalization led by BTG Pactual. In a notice to the market, the company said it remains focused on strengthening its capital structure and expanding profitability, dismissing speculation of new funding operations.
The statement, signed by Denys Marc Ferrez, executive vice president of Corporate Finance and Investor Relations officer, stressed that Simpar is “extracting value from the solid asset base built over its history,” which translates into stronger cash generation, supported by higher profitability and lower investment levels, as well as a reinforced capital structure.
The original report was published by columnist Lauro Jardim in O Globo.
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