March 04, 2015 9:03 AM ET

Industrial Conglomerates

Company Overview of Synergy Group Corp.

Company Overview

Synergy Group Corp. operates as an industrial conglomerate. The company offers oil exploration services and operates domestic airlines. The company also offers electricity generation and engages in the petroleum and telecommunication sectors. The company is based in Rio de Janeiro, Brazil.

Rio de Janeiro, RJ 


Key Executives for Synergy Group Corp.

Founder, President, and Chairman
Age: 64
Compensation as of Fiscal Year 2014.

Synergy Group Corp. Key Developments

Synergy Group Corp. Seeks To Sell Its Brazilian Shipyards Unit

Synergy Group Corp. is looking to sell its Brazilian shipyards unit for $1 billion. "We are working on the restructuring of the (shipyard) company's activity and the sale is likely by the end of this year," said Omar Peres, an advisor to Efromovich, owner of Synergy Group. He said there is interest from potential buyers, but he declined to name them. Omar Peres also added, "Mr. Efromovich's plan is to sell all of his assets in the shipyard industry and concentrate its investments in his existing assets."

Petrocolombia Mulls Financing

Petrocolombia S.A. is seeking financing. Petrocolombia is part of Synergy Group needs to invest nearly $50 million until July 2014, German Efromovich, President of Petrocolombia said. Efromovich said that Petrocolombia neither intends to seek funds on the capital market at this moment nor rules out such an option.

Synergy Group Considers New Bid For TAP

Synergy Group Corp. is working on a new proposal for the privatization of TAP-Transportes Aereos Portugueses, SGPS, S.A. In, 2012, Synergy's proposal in the first tender for privatization of TAP was dropped. Jose and German Efromovich, owners of Synergy are waiting for a new call and if the conditions are attractive, they will make a new bid.

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