Category: Companies
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TIM Brazil Launches Pay TV Offer
TIM Brazil yesterday launched a device that will integrate free digital TV content, Netflix, YouTube and TV pay by TV Alphaville. The new device, called Live TIM Blue Box, is a company’s bet in offering pay TV content and get closer to the offering of the other major carriers – Oi, Telefonica and Claro (the…
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HSBC Brazil will be the last bank acquisition opportunity in the country
The purchase of HSBC by one of the three largest private banks in the country will probably represent the last large bank acquisition opportunity in Brazil. In terms of concentration, the union of HSBC mainly with Itaú Unibanco or Bradesco will make the banking concentration reach levels that are already considered a yellow sign by…
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Ethanol use in Brazil grows with new rules, says Louis Dreyfus unit
Ethanol producers in Brazil are feeling relief from improving demand, prices with tax incentives and an increase in the amount of fuel mixed with gasoline, according to a unit of Louis Dreyfus Commodities. “I’m excited about the prospect of demand for ethanol this year,” said CEO Rui Chammas of Biosev in a telephone interview. “The…
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Race for HSBC Brazil: Bradesco is ahead with an offer of US$ 3.4 Billion
HSBC confirmed on Tuesday that will leave Brazil and Turkey, in a restructuring plan that will eliminate 50,000 jobs worldwide. In the dispute by the British bank business portfolio in Brazil, Bradesco took the lead with an offer of $ 3.4 billion by the British bank, ahead of Santander and Itaú Unibanco. HSBC is one of…
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Billionaire Court Win for Santander Brasil
Santander Brasil announced yesterday (3) that it won a cause of R$ 4.8 billion in court that will provide an extraordinary profit in the second quarter. With all that money positively affecting its balance sheet, the bank took the opportunity to announce an extra provision of R $ 1.6 billion. Much of this additional provision should…
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Itaú Unibanco: Largest Private-Controlled Bank in Latin America
Itaú is the second largest bank in Brazil. Only behind Banco do Brasil, which is a government-controlled bank, even though part of its equity is traded at Bovespa. We do not recommend exposure to government-controlled companies in Brazil so Itaú is the largest bank we cover in LATAM. Itaú Unibanco was formed as the merge…
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Sugar and Ethanol Producer? Cosan is much more than that nowadays!
Cosan’s most known business is indeed Ethanol and Sugar production. That’s how the company started and they are still the largest producer in Brazil and a major player worldwide. However, due to volatility in these commodities’ prices, Cosan’s management has been diversifying its activities in the last few years and now half of it’s EBITDA…
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Braskem: Largest Petrochemical in Latin America
Braskem is Brazil’s largest integrated petrochemical cracker and thermoplastics maker. The company produces a portfolio of petrochemical products including ethylene, propylene, butadiene, toluene, xylene, benzene, gasoline, diesel oil, liquefied petroleum gas (LPG), as well as thermoplastic resins, such as polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC). As of December 31, 2011, the Company had 35…
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Got MIlk? Got Meat? BR Foods has strong brands in the meat processing and dairy industry in Brazil
BR Foods owns three very strong brands in the food market in Brazil: Perdigão, Sadia and Batavo. With more than 55,000 employees, it is one the largest Brazilian processed food companies. Its international operations reach more than 140 countries. The firm sells over 3,000 products both domestically and abroad, with a focus on the sale of processed…
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Investing in Bradesco: building on its presence
Bradesco is the third-largest bank in Brazil. Unlike in most developed countries where small banks and credit unions are always present, in Brazil, the bank industry has a well-established oligopoly, where the 4 major banks have around 70% of the market share together. This oligopoly along with the high switching-cost in the banking industry gives…