Simpar
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Brazil’s development bank backs a leveraged logistics group. Markets will debate why.
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State development bank commits new equity to Simpar, Vamos and Movida in a move designed to strengthen capital structure.
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Lower investment needs and divestments help the logistics and mobility group strengthen cash generation after years of balance-sheet pressure.
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The holding company’s results reflect a challenging macroeconomic scenario, with robust operational performance offset by a significant financial expense burden.
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Brazilian holding reaffirms focus on cash generation and capital structure; denial comes after media speculation of a major equity move.
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Deal includes assumption of Ciclus Rio’s debt and awaits Cade approval
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SIMH3 surged more than 10% after divesting Ciclus, with JPMorgan and Bradesco BBI praising the move as a key deleveraging step