RE:RE:RE:RE:RE:Discovery Capital MGT Has Increased Holdings to 15%from november article
Discovery prepares offensive to take control of HRT , says report Reserved
Members of the oil , however, does not plan to let the plan go forward , one of the main stakeholders would be the company's founder Marcio Mello
By Paula Barra
| 16h59 | 08/11/2013
a a
SAO PAULO - U.S. fund Discovery Capital Managment investments prepares a strategy to "take by force " control of HRT Petroleum ( HRTP3 ) . The first step would further increase its stake in the oil , according to information released in the report Reserved .
The management , which gathers around various international funds already managed to accumulate 35 % of the common shares of HRT . According to the publication, the movement that is being done in the " penumbra" , has aimed to amend the articles of the oil and take the map with Articles 44 and 53 : the first requires any shareholder of HRT to make a public offer for the rest of the papers if you reach a share of 20 % , the second determines the disclosure to the market of acquisitions involving more than 5 % of the capital . Thus , Discovery would open , " the hard way " , the way to get the company of the Novo Mercado , increase its ownership share and further promote the take over ( change of control of a company ) in HRT .
The Discovery of the plan , however, comes up against the interests of some shareholders and founders of the oil , starting with Marcio Rocha Mello , founder of the company and who commanded the HRT until May of this year , when resigned . As found the InfoMoney , Mello wants to return to HRT and a win will most likely allow him to return from exile and recover at least part of the lost space management .