Everything you need to know about Brazil investing
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Oil Workers Strike in Brazil for Wages, Investments, Assets
Twelve oil work unions which are part of the Oil Workers Federation (FUP) in Brazil began on November 1st, a strike at Petrobras refineries all over the country. According to union officials, strikers are protesting against Petrobras’ asset sales, investment cuts, project suspensions, and reduction of some workers’ rights. “The strike was agreed upon more…
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Brazil Says Any Oi-TIM Deal Would Be Studied Closely
The Brazilian government would study any potential merger or acquisition agreement between telephone companies Oi SA and TIM Participações SA closely to avoid too much concentration in the sector, Communications Minister André Figueiredo said Tuesday.Oi announced Monday that LetterOne, an investment firm led by Russian billionaire Mikhail Fridman, is planning to invest $4 billion in…
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New investments signal turnaround in Brazil ethanol industry
Improved returns from sales at home and abroad are unleashing the first major flurry of investment in Brazil’s struggling ethanol industry in nearly a decade, with at least nine companies expanding or building new capacity. Medium-sized private mill Rio Verde said it would double ethanol output over the next two years to capture resurgent biofuel…
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Mikhail Fridman Proposes $4 Billion Investment in Oi of Brazil
The Russian oligarch Mikhail Fridman may spend as much as $4 billion to expand his telecommunication holdings into South America.On Monday, the Brazilian telecommunications company Oi said that Mr. Fridman’s investment group, LetterOne, had given it a proposal to invest in a possible merger of Oi with Telecom Italia’s local operator, TIM Participações. “In accordance…
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Foreign investment in Brazil grows in September, covers external gap
Brazil’s current account deficit grew wider than expected in September but was easily covered by foreign investments, central bank data showed on Friday. Brazil posted a current account deficit of $3.076 billion in September, larger than a gap of $2.487 billion in August and the $2.3 billion deficit forecast by economists for the month, central…
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World Bank to help Brazil pilot new infrastructure financing project
Brazil is launching a new “Project Bond” model, developed by the World Bank Brazil is launching a new “Project Bond” model, developed by the World Bank (WB) at the request of the country’s government, with the aim of increasing the role of capital market in financing infrastructure projects. “We expect this new product to help…
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CADE Approves Merger of TOTVS and Bematech
TOTVS S.A. (BM&FBOVESPA: TOTS3) (“TOTVS”) and BEMATECH S.A. (BM&FBOVESPA: BEMA3) (“Bematech”), in addition to what was informed by the companies on August 20, 2015 and September 03, 2015, hereby jointly announce that, on this date, the decision of CADE’s General Superintendence, approving the merger of Bematech’s shares by Makira II Empreendimentos e Participações S.A. (“Makira…
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Travelers Buys Majority Stake in J. Malucelli to Grow in Brazil
The property casualty business, in which Travelers is now 95% stakeholder, will operate under the Travelers brand. The business will now focus on property, general liability, construction and financial insurance products. The company expects to serve its customers with enhanced and expanded product and services and hence capitalize on the opportunities in the Brazilian market…
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