Everything you need to know about Brazil investing
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Should you buy Brazilian stocks right now?
Brazil is in a very binary situation right now and that’s bringing huge volatility. Brazil’s current crisis is a fiscal one. That’s what caused the huge drop up until 2015. The labor party added a lot to the social networking in its 12 years in power and did not do the reforms the country needs,…
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Brazil is out of recession. But should you buy it?
President Michel Temer and economic ministers will celebrate the growth of 1% of the Gross Domestic Product (GDP) in the first quarter of this year, compared to Q4 of 2016, excluding seasonal factors. When they do this, they will actually be celebrating the growth of agriculture and foreign demand (exports). Domestic demand – household consumption…
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Brazilian IGPM shows second month of deflation
The General Market Price Index – (IGP-M) recorded deflation of 0.93% in May, after falling 1.10% a month earlier, according to the Getulio Vargas Foundation (FGV). It is the lowest rate for May months since the beginning of the indicator series in 1989. It is also the third lowest variation for all months of the…
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Foreign direct investment in infrastructure grew more than 500%
Foreign capital inflows into infrastructure activities in Brazil grew more than 500% in the first four months of this year compared to the same period in 2016, reaching a mark of US$ 11.4 billion. The flow represents more than 50% of direct investment in the country for capital participation operations registered by the Central Bank…
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Itaú pays US$1.8 billion for 49.9% of XP Investmentos
After two months of discreet talks, Itaú Unibanco closed on Thursday (May, 11th) the purchase of 49.9% of the total capital of XP Investimentos for R$ 6.3 Billion, which includes R$ 600 million in resources that the bank will inject into the company. With the transaction, the country’s largest private bank reserves its space in…
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Kraft Heinz Offers a Merger with Unilever for $143 billion: Rejected for now
Unilever has rejected a $143 billion merger proposal from Kraft Heinz, the Brazilian-controlled food conglomerate 3G Capital and mega-dealer Warren Buffett, setting the stage for a battle between two of the world’s largest consumer products companies.The Anglo-Dutch company, behind big brands like the Dove soap and the Ben & Jerry ice cream, said the offer…
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Heineken Acquires Schincariol’s Owner, Brasil Kirin, for 664 Million Euros
The Dutch multinational Heineken announced on Monday (13) the purchase of Brazil Kirin, controlled by the Japanese group Kirin, for 664 million euros (R$ 2.2 billion). With the acquisition, Heineken becomes the second largest brewery in Brazil. After the conclusion of the deal, Brasil Kirin will be consolidated with Heineken.The transaction evaluates Brazil Kirin at…
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Luxottica to Acquire Brazilian Óticas Carol for € 110 million
The Italian company Luxottica, largest company in the world for glasses, will buy Óticas Carol for € 110 million (R$ 368.6 million). The agreement was signed with the partners of the Brazilian company 3i Group, Neuberger Berman and Siguler Guff & Company, and depends on the approval of the Administrative Council of Economic Defense (Cade)…
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Brazilian Government Announces Economic Package with 12 Measures
President Michel Temer announced on Thursday (15) a new economic package with measures to stimulate the economy. Also taking part in the announcement were the house or representative’s president, Rodrigo Maia (DEM-RJ), Senate’s President Renan Calheiros (PMDB-AL), Finance Minister Henrique Meirelles and the Minister of Planning, Dyogo Oliveira. Temer started the announcement saying that the…
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Nubank captures US$ 80 million in round led by DST Global
Startup credit card issuer Nubank finalized on Wednesday a US$ 80 million fund-raising, equivalent to approximately R$ 276 million. The investment round was led by the DST Global fund, in its first investment in South America, and also had the participation of Redpoint Ventures and Ribbit Capital funds. Nubank is a fintech company and the…
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