Radar > 225201

Asian investors show interest in Sete Brasil

Investidores asiáticos interessados na Sete Brasil

Intel ID : 225201
Synopsis

Sete Brasil, a company based in Sao Paulo and engaged in manufacture of drilling rigs for oil and gas, is currently facing financial crisis. As a result Asian banks and investors, such as CBD - China Development Bank and JBIC - Japan Bank for International Cooperation, are showing interest in investing or offering loans to the Brazilian company, supported by the Brazilian government, as published by newspaper Valor Econômico on 11 May 2015.

If the investment is made, it could be approximately USD 1.2bn. With this capital increase, the company would have USD 5.2bn as working capital, since it raised USD 4bn from new fundings.

Initially, Sete Brasil planned to manufacture 29 drilling rigs, which would be leased to Petrobras, but it lost the funding that should receive from BNDES due to Operação Lava-Jato investigations. And, although the company reduced the production to 19 rigs, it still does not have funding to continue to manufacture. This was the reason to look for new resources. (see related Intel).
(content in portuguese)

Devido a crise pela qual está passando a Sete Brasil sediada no São Paulo e dedicada à construção de sondas de perfuração para a exploração de petróleo e gás, apareceram bancos e investidores asiáticos como o CDB - China Development Bank e o JBIC - Japan Bank for International Cooperation interessados em realizar aportes de capital ou empréstimos para a empresa brasileira mas respaldados pelo governo nacional, segundo foi publicado no jornal o Valor Econômico no dia 11 de maio de 2015.

Caso venha a ser feito um aporte, ele seria de cerca de USD 1,2bi. Com este aumento de capital a empresa teria USD 5,2bi em caixa, já que ela já levantou USD 4bi em novos financiamentos.

A necessidade de recursos surgiu porque a Sete Brasil que num início tinha planejado elaborar 29 sondas que seriam alugadas à Petrobras, perdeu o financiamento que teria que haver recebido do BNDES devido às investigações da Operação Lava-Jato, e ainda que reduziu o volume de produção para 19 sondas continua sem financiamento para sua fabricação.( Ver Intel relacionado).

Intel ID 225201
Value EUR 1.077,01m
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Sete Brasil
(31 Dec 2016)

Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.