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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  CIELO S.A.    CIEL3   BRCIELACNOR3

CIELO S.A.

(CIEL3)
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Cielo S A : Notice to the Market - Sale of Cielo's Stake in Orizon to Bradseg Participações S.A.

10/01/2020 | 06:30pm EST

Sale of Cielo's Stake in Orizon to Bradseg Participações S.A.

CIELO S.A. ("Company") (B3: CIEL3 / OTC Nasdaq International: CIOXY), in compliance with the provisions of CVM Instruction No. 358/02, as amended, hereby informs to its shareholders and other stakeholders that on this date has engaged into a contract for the sale of all of its shares in Companhia Brasileira de Gestão de Serviços ("Orizon"), which represent 40.95% of the share capital of Orizon, to Bradseg Participações S.A. for the amount of BRL 128,992.500.00 (one hundred and twenty-eight million, nine hundred and ninety-two thousand and five hundred reais) ("Transaction").

The completion of the Transaction is part of the Company's strategy by allowing it to focus more on its core operations.

The closing of the Transaction is subject to compliance with certain precedent conditions, including approval by the Central Bank of Brazil and the Administrative Council for Economic Defense (CADE).

The Company reiterates its commitment to keep shareholders and the market in general duly and timely informed, under the terms of the applicable legislation.

Barueri, October 1, 2020.

GUSTAVO HENRIQUE SANTOS DE SOUSA

Chief Financial and Investor Relations Officer

For further information, please contact the Investor Relations area:

ri@cielo.com.br

ir.cielo.com.br

Phone: +55 11 2596 8453

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cielo SA published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 22:29:05 UTC


© Publicnow 2020
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Financials
Sales 2020 11 559 M 2 114 M 2 114 M
Net income 2020 459 M 84,0 M 84,0 M
Net Debt 2020 6 300 M 1 152 M 1 152 M
P/E ratio 2020 21,6x
Yield 2020 2,08%
Capitalization 9 773 M 1 790 M 1 788 M
EV / Sales 2020 1,39x
EV / Sales 2021 1,28x
Nbr of Employees 3 000
Free-Float 40,9%
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Technical analysis trends CIELO S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 15
Average target price 4,55 BRL
Last Close Price 3,61 BRL
Spread / Highest target 60,7%
Spread / Average Target 25,9%
Spread / Lowest Target -16,9%
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NameTitle
Paulo Rogério Caffarelli Chief Executive Officer
Marcelo de Araújo Noronha Chairman
Gustavo Henrique Santos de Sousa Chief Financial Officer & IR Officer
José Maurício Pereira Coelho Director
Francisco Augusto da Costa e Silva Independent Director
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