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Sodim rejects illegal purchase of Semapa shares after OPA – stock exchange

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Sodim rejects illegal purchase of Semapa shares after OPA - stock exchange

The holding company of the Queiroz Pereira family has denied accusations by the small investor association Maxyield that it was illegal to buy shares on the stock exchange after the offer period ended on June 15. Sodim claims that all acquisitions are formalized and validated by the Brazilian Securities Market Commission (CMVM).

Sodim missed its target of 90% of Semapa’s voting power following the takeover bid that ended last Friday and retained control 81.326% of the capital (66.093765 shares), representing 82.752% of the voting rights. Although the family-owned holding company did not reach that threshold, it was delighted to move closer to achieving its goal of concentrating its stock exchange presence at Navigator, adding that it will continue to buy shares on the stock exchange at the bid price (€ 11.66) those who intend to sell in the coming days.

“According to the mechanism contained in the prospectus and duly approved by CMVM, Sodim will remain the buyer of Semapa shares until June 15 at a price of € 11.66 in cash,” Sodim said. The ad attacked by Maxyield also emphasized in a statement that “The OPA has ended and Sodim’s acquisition of Semapa shares is subject to a new OPA, which may take 12 months to complete.” “Maxyield also advises that any action by Sodim financial intermediaries to facilitate the purchase of Semapa shares will be legally liable and will alert Banco de Portugal that they are illegal.”
Faced with these allegations, Sodim came to a denial of the illegality of the acquisitions, stressing that “all the transactions he conducted under the OPA were obviously subject to the Portuguese Securities Code, as they were all previously confirmed by CMVM,” the statement said.

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In the same document in which he responds to the association’s allegations, Sodim points out “several gross errors in the interpretation of the rules of the Securities Code.” He immediately states that “the law does not prohibit Sodim from immediately continuing to buy more Semapa shares in or outside the regulated market. You are only prohibited from submitting new takeover bids for Semapa shares without prior permission from CMVM. ”

On the other hand, it says that “purchases on the stock exchange, which must occur within 5 business days after the calculation of the bid results, have already been included in the proposal prospectus, which has been approved by CMVM.”

Sodim also points out that “the second mistake is that whoever owns more than one third or half of the listed company’s share capital can only buy more shares through the OPA. In fact, what Article 187 CVM (Obligation to Launch a Public Offer of Acquisition) does is only an obligation to launch an OPA that exceeds the threshold of one third or one half of the listed company’s share capital, except through the OPA. ”

“In conclusion, any Sodim acquisitions of Semapa shares that may be made in the near future on the market or off the market, not only do not require a mandatory takeover bid, but are also permitted by law,” concludes the statement sent by Sodim.

Semapa shares continued to fall 0.34% at € 11.66 proposed by Sodim.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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