By Brazil Stock Guide – PRIO S.A. (B3: PRIO3) reported that investment managers Squadra Investimentos and Squadra Investments disclosed a combined 3.94% ownership in the oil and gas producer, according to a notice submitted under CVM Resolution 44.
The funds said the transactions do not aim to influence control, governance structure or management composition at PRIO.
PRIO, Brazil’s largest independent oil and gas producer, has built its strategy around acquiring mature offshore assets and boosting production through redevelopment, operational efficiency and cost discipline. The company emphasizes shareholder value creation while maintaining liquidity, safety and environmental standards.
The filing reiterates the standard forward-looking statement disclaimer, noting that expectations about operational plans, drilling activities, costs, equipment acquisition and potential discoveries involve risks and uncertainties that may cause outcomes to differ from management assumptions.
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