Archive for July, 2010

Brazil Iron ore producer Vale SA in takeover offer for Brazilian copper smelter Paranapanema

Comments Off | 07-30-2010

Brazil’s Vale SA, the biggest iron ore producer globally, Thursday said it had agreed on a deal that will see it takeover Paranapanema, the Brazilian copper smelter. In a move the company said is aimed at diversifying its revenue generation sources, Vale SA said it would be remitting 2 billion Brazilian reals, about US$1.13 billion [...]

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Posted in General, Mining in Brazil | Read More

Spanish telecom major Telefonica finally takes control of Brazilian firm Vivo from Portugal Telecom

Comments Off | 07-29-2010

In a twist of harrowing but successful turn around, Telefonica Wednesday announced it had finally managed to seal the deal with Portugal Telecom for the acquisition of the Portuguese Telecoms company’s stake in Vivo, the Brazilian telecoms major. In its statement to the Spanish Stock Exchange, the Spanish telecoms giant, Telefonica, said it had won [...]

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Posted in General, Telecommunications | Read More

Chinese Investors leading FDI inflows into Brazil

Comments Off | 07-29-2010

In its quest to fuel its rapid economic growth and expansion, Chinese investments have increased tremendously in Brazil, reported the Washington post. In its strategy to ensure a steady supply of resources for development, Chinese state firms are on a globe trotting prowl for investments and so far Brazil appears to be a favorite target. [...]

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Posted in Brazil State and Cities Investments, FDI Brazil statistics, General | Read More

Brazilian auto rental company Localiza Rent a Car in deal with auto companies for supply of 85,000 Cars at $1.4 billion

Comments Off | 07-28-2010

Localiza Rent a Car, a local Brazilian auto rental company based in Belo Horizonte state said Monday that it plans to invest about $1.4 billion for investments geared at revamping its provision of services. According to the announcement, the company will invest 2.5 billion reals, an equivalent of the $1.4 billion for the purchase of [...]

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Posted in General, Retail sector Brazil | Read More

Steel do Brasil acquires two mining companies for $435 Million

Comments Off | 07-28-2010

Steel do Brasil Friday announced it had successfully acquired two of its mining rival companies in Brazil in a move to expand its operations. According to the company’s announcement, Steel do Brasil made the investment at an estimated 435 million dollars for the takeover of the two mining firms. The company said it had acquired [...]

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Posted in General, Mining in Brazil | Read More

French Media Company Vivendi could face up to $1.7 billion in fines against stated 100% GVT acquisition, Brazil’s Securities Regulator Says

Comments Off | 07-27-2010

French giant media company Vivendi could face up to more than one billion dollars in fines from Brazil’s securities regulator over a fraud case involving its acquisition of GVT, the Brazilian phone company. Reports surfaced Sunday in a domestic Brazilian newspaper, stating that the French media firm could pay about 3 billion reals, an equivalent [...]

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Posted in General, Telecommunications | Read More

Brazilian mobile phone giant Oi denies reports of offer from Portugal Telecom Ltd

Comments Off | 07-24-2010

Brazilian mobile phone giant Oi has denied reports that it is considering a possible minority share sale to Portugal Telecom. Reports emerged Thursday that Oi, Brazil’s biggest phone company had reportedly said it would support a move for a minority stake from the Portuguese telecoms firm. The company said the reports were false and that [...]

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Posted in General, Telecommunications | Read More

Financial Times acquires Brazil’s Sistema Educacional Brasileiro’s Learning Systems Business

Comments Off | 07-23-2010

Pearson, owner of the Financial Times Thursday reported it had made a Brazilian acquisition in a move to expand its global business. The deal, aimed at enhancing the company’s educational arm’s growth, will see the Financial Times owner part with about £326 million. According to the announcement, the company acquired the learning systems operations of [...]

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Posted in General, Media Investment Brazil | Read More

Australian mining company Centaurus expands its Brazilian mining business

Comments Off | 07-22-2010

Australian mining company, Centaurus Metals, Wednesday announced it had expanded its business in the Latin American country, Brazil. The emerging iron ore producer said it had increased its iron ore portfolio in Brazil after choosing to exercise its options and acquire 16 fresh tenements.
The Australian Stock Exchange Listed Company reported that it had taken a [...]

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Posted in General, Mining in Brazil | Read More

Carlyle Group makes investment in Brazilian private health insurance management company Qualicorp

Comments Off | 07-21-2010

In its move to increase its global presence, the Carlyle Group Monday announced it had made two more investments, one in Brazil and the other in Australia. The health related investments in Brazil marks another of the Group’s continued global buyouts, making the equity firm one of the most active in the buy out business [...]

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Posted in General | Read More