Petrobas, Brazil’s state-run oil giant, announced Monday, its readiness for a planned share sale to raise a capital of $25 billion to be used in the funding of development of Brazil’s numerous subsalt oil reserves. However, the details of the rights issue are yet to be disclosed but a share placing...
Rhodia, a French chemical group, plans to turn its division in Brazil to an export base. However, according to the company’s CEO, Marcos De Marchi, logistics and infrastructure challenges are hampering the company’s foreign sales. The Brazilian division, Rhonda Brasil, earns about US$300 million...
The Brazilian Innovation Body, FINEP, and the country’s National Development Bank, BNDES, agreed on a new investment partnership meant to promote ethanol development in the country. The two agencies which are long time primary support sources for innovation in the country; FINEP and BNDES...
With the planned acquisition of the Mandu Mill in Sao Paolo state, Acucar Guarani SA will be Brazil’s third biggest sugar and ethanol group. The group’s CEO announced the plans today marking the continued acquisition of smaller companies by bigger ones, currently widespread in the Brazilian...
Petroleo Brasiliero (PBR, PETR4.BR), the Brazilian state company, yesterday expanded its distribution of natural gas taking up Gas Brasiliano Distribuidora SA in a $250 million deal. The state run company, the world’s second largest oil company also known as Petrobas, bought the Sao...
Brazil is one of the most important and largest markets in Latin America. Brazil has a great potential of attracting foreign investment in the petrochemical sector. The Brazilian petrochemicals market will demonstrate a strong recovery in the year 2010, which will be led by an increase in domestic...