Month: June 2014
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Pão de Açúcar and Casino Create a Giant Global E-Commerce Company: Cnova
Grupo Pão de Açúcar (aka Companhia Brasileira de Distribuição – CBD), Via Varejo (VVAR11:BR) and French group Casino Casino Guichard-Perrachon (OTC:CGUIF) (OTCPK:CGUSY) have announced a joint venture to create a giant new e-commerce company: Cnova. CBD and Via Varejo will own 53.5% of the new company, while the remaining 46.5% will belong to Grupo Casino. The French…
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CADE rejects Telefónica and Telecom Italia merge. Vodafone is arriving in Brazil?
Brazilian antitrust authority, Administrative Council for Economic Defense (Cade) rejected Telefónica’s (TEF) embargoes and kept the fine of BRL 15 million that was imposed on the company for breach of the agreement signed in 2010, by which it should stay away from TIM (TSU), controlled by Telecom Italia (TI). Official Announcement With the negative for…
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Long in Brazil? Then Cheer Against it in FIFA’s World Cup
Wait.. What does football has to do with economy or stock investment? And even worse, how come a negative result for the country can be positive for it’s economy? Fair questions. And to answer them, we have to remind that this year is also election year in Brazil and that football is not just one…