Posted at 1 pm
Enauta Participações (ENAT3) reported on Wednesday the 12th of this month that it had consulted with its controlling shareholder, Queiroz Galvão SA, following a piece of news published by Valor Econômico.
The newspaper revealed that Queiroz Galvão began negotiations with creditors to prevent the conversion of Inauta’s shares into equity participation.
Queiroz Galvão explained that he had no powers to interact with Enauta’s creditors, because Enauta is an independent trading company, with its own assets and management, and cannot be confused with that of Queiroz Galvão SA, the parent company of the oil company.
With regard to the shares issued by Enauta owned by Queiroz Galvão SA, the company stated that they were pledged, by way of security, to certain creditors of Queiroz Galvão.
According to Enauta’s parent company, these guarantees “are not enforceable, judicially or extrajudicially, by any of these creditors” and stated that all voting rights arising from the shares remain under the exclusive management of Queiroz Galvão SA and that there is no obligation to injunction or Contractually present specifying that Queiroz Galvão SA assigns, transfers or otherwise disposes of these shares to its creditors.
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