After a protracted wait for the acquisition of its joint venture partner’s stake in the Brazilian telecoms giant, Vivo, the Spanish telecoms company, Telefonica Monday announced it had withdrawn its contention for the stake purchase. The Spanish company withdrew a planned $9.26 billion takeover bid it had launched for the complete takeover of its Brazilian [...]

The European Aeronautics Defense and Space Company (EADS) reported that impending budget cuts in Europe might push it to increase its international business with places such as Brazil, India and Saudi Arabia amongst the favorites for the planned increased international investments. The company reported that it would be seeking to build meaningful relationships with the [...]

Brazilian company, Laep Investments Limited, Thursday announced that it had reached an agreement with Global Yield Fund Limited (GEM) for a capital injection of about $42.3 million. Laep Investments Ltd is a Brazilian fund responsible for the Parmalat dairy Company, as well located in the country. In the agreement, GEM will fund Laep’s investment and [...]

Capital Dynamics, the major European equity manager reported Thursday it had opened a new office in the Sao Paolo state in its growth plans. The new office is seen as Capital Dynamics most current approval of the buyout industry in the Latin American market, that most investors are hopeful will provide unique global, promising growth [...]

ANTT, the Brazilian national grounds transport agency announced Tuesday that it will be publishing its infrastructure tender for the construction of the Rio de Janeiro-Sao Paulo-Campinas bullet train. The agency announced it will commence tendering for the US$18.8 billion infrastructure investment today, its spokesman said. 
The announcement for the July 14th tender was made by Brazilian [...]

Brazilian giant home appliances retailer, Magazine Luiza, Wednesday denied speculations that it is in talks with its two rivals over a potential takeover. Speculation had been rife, particularly from the Brazilian newspaper, Valor Economico, that Magazine Luiza had entered talks to expand its business in the country by purchasing 100% stake in its rivals in [...]

In a move that might bring to an end the long standing Portugal Telecom’s sale of its Vivo stake to Telefonica, the European Court of Justice last week ruled the Portuguese government’s move to block the potential sale given its golden share in Portugal Telecom (PT) violated EU rules. The Portuguese government shocked Portugal Telecom [...]

Total Oil reported it will be undertaking more investments in Brazil, terming the country as having a “huge potential” in its oil fields. In the announcement, Total said it will be contending for licenses in the coming bidding round and hopes to expand its Brazilian oil and gas business after a new proposed law on [...]

Vale SA and Usinas Siderurgicas de Minas Gerais Thursday announced they had reached an agreement via signing of contracts that will see the undertaking of steel and iron ore transport utilizing Vale’s rail system. Sinas Siderurgicas de Minas Gerais, also known as Usiminas, the steel manufacture, reported it had concluded the deal with the giant [...]

Chardbourne and Parke, an American based International law firm Thursday announced it plans to further foment its presence in Latin America through opening a new office. In the quest to increase its availability, the firm will commence new operations in Sao Paolo by hiring two additional finance attorneys.
 
Based in New York, the International Law firm [...]