Banco BTG Pactual SA expects share sales to go up in the second half of 2010 as soon as the offer from Petroleo Brasiliero SA is concluded. Petroleo Brasiliero SA made an offering of $25 billion for the purchase of Banco BTG Pactual SA. Banco BTG is Brazil’s largest equity underwriter. According to the bank, [...]

Qatari state run holding firm, Industries Qatari, reported Monday that its subsidiary, Qatari Steel Company had entered an agreement with Brazil’s Samarco Mineracao for the supply of iron ore pellets. The Brazilian firm is a manufacturer of iron ore pellets and the contract will see it supply them to the Qatari firm for a period [...]

In a deal pegged at $3.7 billion, Chilean airline company, Lan Airlines SA, said it had completed an agreement that will see it takeover the Brazilian airlines firm, Tam SA. Lan Airlines SA is Latin America’s largest carrier in terms of market value and the Brazilian investment is expected to enable the firm further expand [...]

Canadian mining firm, Magellan Minerals Ltd, last week announced that it had successfully completed the acquisition of a 22.5% interest in certain mineral rights owned by Brasil Central Engenharia Ltda in the state of Mato Grosso. The deal will see the Canadian firm remit a consideration of US$2.5 million for the acquired mineral rights, found [...]

Reports emerged Thursday that Vodafone may not after all be bidding for Brazilian wireless carrier, TIM Participacoes as has been widely expected. Vodafone, the biggest mobile phone company in the world in terms of revenue, may not bid given the toughness of the Brazilian telecoms market for new companies.
According to analysts, the Brazilian telecoms market [...]

In a report commissioned by research firm, Dealogic, Brazil has experienced an increased inflow of equities in 2010. As such, mergers and acquisitions have been at the fore front with investors putting huge capital into long term investments in the country than ever before, said Dealogic. In its release today, Dealogic established that deals announced [...]

Chinese steel major, Wuhan Iron & Steel, is mulling the construction of a $5 billion steel plant in Brazil. The revelations come amidst round table trade talks during the Chinese President’s visits to Brazil in which a number of cooperation deals were signed. With the agreements for trade in place, the Chinese steel manufacturer revealed [...]

Brazilian bank, Banco do Brasil, Monday reported that it had gone into a joint venture with Banco Bradesco and Portuguese bank, Banco Espirito Santo for expansion overseas, in Africa. Banco do Brasil is Brazil and Latin America’s biggest bank in terms of assets. The new investment vehicle will undertake its operations in Africa but on [...]

India’s largest sugar refiner Shree Renuka Sugars said Friday that it is considering additional investments in Brazil. Shree Renuka Sugars already owns majority stakes in two Brazilian firms that it acquired last year November. The Indian sugar producer said it would be acquiring more investments to bolster its existing two and increase its presence and [...]

In a move aimed at rebuilding its business in Brazil, Sweden’s biggest bank, UBS AG, said Friday that it’s planning to start an investment in the Latin American state. In the move, aimed at tapping into Latin America’s biggest economy and the fastest growing as well, UBS AG said it’s undertaking the investment after raising [...]