Archive for August, 2010

Brazilian mining giant Vale continues to increase its presence in the fertilizer sector, seeking further acquisitions, report says

Comments Off | 08-31-2010

Reports surfaced in a local Brazilian newspaper that Vale; one of the country’s biggest mining firms is keen on raising its presence in the fertilizer sector with additional acquisitions. The move comes as a continued push by Vale for a foothold in the Fertilizer industry over the recent months.
The newspaper reports indicated that Vale might [...]

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Posted in Agriculture sector, General | Read More

French advertising firm Publicis Groupe about to conclude a deal with Brazilian ad agency Talent for a majority stake, FT reports

Comments Off | 08-30-2010

The Financial Times reported last week that French giant advertising firm, Publicis Groupe is about to conclude a deal with Brazilian ad agency, Talent, that will see it acquire a majority stake in Talent. According to the Financial Times report, the Publicis deal could value Talent at around $200 million.
Talent is one of Brazil’s foremost [...]

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UK based firm G4S making additional investment acquisitions in Brazil with 51% stake acquisition in Plantech

Comments Off | 08-28-2010

The UK based firm, G4S announced Thursday that it will be strengthening its Brazilian foothold with the acquisition of Brazilian firm, Plantech. G4S, the world’s largest security firm, reported that its mulling further investments in Brazil and the acquisition of Plantech is a move in that direction.
Plantech is a Brazilian group focused on systems for [...]

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Shell and Brazilian sugar and ethanol giant Cosan sign binding agreement to create a global ethanol business in Brazil

Comments Off | 08-27-2010

Shell and Cosan Thursday said they had signed a binding agreement for a joint venture that will see the two firms establish what they termed as “a global ethanol business.” Cosan is one of Brazil’s foremost ethanol producing companies and the deal with Shell is targeted at gaining from the burgeoning demand for biofuels globally. [...]

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Posted in General, Oil and Gas Brazil | Read More

Brazil government approves limits on land acquisition for investment by foreigners to a maximum of 5,000ha

1 Comment » | 08-26-2010

The Brazilian government Tuesday announced its final decision regarding foreign land ownership in the country, capping it at 5,000ha. President Liuz Inacio Lula da Silva said the government had approved limits on land acquisition for investment by foreigners. The President appended the changes, instituting limits to the amount of land an overseas investor can now [...]

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Brazil’s biggest brewer AmBev has agreed to merge its Venezuelan arm with Cerveceria Regional

Comments Off | 08-25-2010

Brazil’s largest brewer, AmBev Friday last week agreed to merge its unit in Venezuela with Cerveceria Regional. The move will see AmBev acquire a minority stake in the combined entity as it seeks to strengthen its market presence in Venezuela. Analysts believe the merger is aimed at reinforcing AmBev’s position in the Brazilian market, the [...]

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Melbourne, Florida based Harris Corp. launches new facility in Campinas Brazil

Comments Off | 08-24-2010

Florida based firm, Harris Corp Monday reported the launch of its new facility based in the Brazilian city of Campinas. According to the firm, the new factory in Brazil is geared at the manufacture of low and mid power UHF television transmitter products to support Latin America’s transition to digital TV. The new plant is [...]

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Brazil government planning to cut Government funding to the country’s National Development Bank, BNDES

Comments Off | 08-23-2010

The Brazilian national development bank, BNDES, will have its funding from the Brazilian government reduced and instead plans instituted to get it funds from the private sector, the Brazilian Finance Minister announced last week. The Minister of Finance, Guido Mantega said the government’s recent heavy funding for BNDES will be cut and more funds raised [...]

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Posted in Finance and Banking Brazil, General | Read More

American company Starbucks Corporation announces acquisition of Cafes Sereia do Brasil Participacoes S.A, giving it control of Starbucks Brazil

Comments Off | 08-21-2010

US based Starbucks Corporation Friday announced the completion of a deal that will see it acquire Starbucks Brazil. In the deal, Starbucks Corporation will acquire 100% ownership and another 100% operating control of Brazil’s Starbucks via a takeover of Cafes Sereia do Brasil Participacoes SA. The move is aimed at expanding its foothold into the [...]

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Posted in General, Retail sector Brazil | Read More

Brazilian mining company Avanco Resources Ltd says has struck a deal with mining giant Vale

Comments Off | 08-20-2010

Brazilian mining company, Avanco Resources Ltd reported that it had agreed on a deal with Vale SA that could give it up to $40 million. The Brazilian base metals explorer said it had struck the deal with the mining giant, Vale, and expects to make considerable gains from the investment agreement.
With the announcement, Avanco Resources [...]

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Posted in General, Mining in Brazil | Read More