Archive for September, 2010

American based Ebix to buy Brazilian insurance exchange solutions provider USIX Technologies

Comments Off | 09-30-2010

American based Ebix has agreed on a deal for the purchase of Brazilian insurance solutions provider, USIX Technologies. The US firm is a provider of software and e-commerce solutions to insurers, and the transaction was closed Tuesday upon being concluded. However, Ebix is yet to reveal the value of the investment, rather stating plainly that [...]

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Posted in FDI Brazil statistics, General | Read More

US based privately held corporation Cargill buys Unliever’s tomato products business in Brazil

Comments Off | 09-29-2010

Cargill has gone into an agreement with Unliever for the acquisition of Unliever’s tomato products business in Brazil. The investment will cost Cargill an estimated US$350.6 million. The investment will see Cargill takeover Unliever’s Pomarola, Tarantella, Elefante, Extratomato, and Pomodoro brands, and a manufacturing facility based in Goiania, Brazil. Other than that, Cargill will also [...]

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Posted in FDI Brazil statistics, General | Read More

Telecoms firms ask Brazil to eliminate trade barriers to investments

Comments Off | 09-28-2010

The Brazilian government has been asked to eliminate trade barriers to foreign investments as it plans to commence its nationwide broadband investment. Brazil has been requested by European telecoms firms to ease trade barriers, as the firms seek to get a piece of the planned ambitious project to offer broadband to about 40 million users [...]

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Petrobras concludes the world’s biggest share offering, raised $70 billion in last week

Comments Off | 09-26-2010

Petrobras raised $70 billion last week in what was considered the biggest share offering globally. The Brazilian state owned Oil Company now has the financial footing it required for its planned vast offshore oil reserves exploration. Petrobras had planned the share offering as it sought funds for its $224 billion war chest.
Petrobras’ investment plans are [...]

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Posted in FDI Brazil statistics, Finance and Banking Brazil, General | Read More

Pecem port in the Ceara state of Brazil to invest US$1.3 billion in infrastructure enhancements

Comments Off | 09-25-2010

The port of Pecem in the Ceara state of Brazil will invest some considerable amount in the enhancement of the port’s infrastructure. The investment will be undertaken in a period of the coming six years, to cost about US$1.3 billion. The investment plans were revealed by the port’s spokesman in an interview with BNamericas. The [...]

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Posted in General, Infrastructure industry | Read More

Leading global private equity firm Warbug Pincus invests $201 million in Omega Energia

Comments Off | 09-24-2010

Warburg Pincus, one of the leading global private equity firms, and Tarpon Investimentos have invested $201 million in Omega Energia. Warburg Pincus will be leading the investment in the Brazilian energy firm, Omega. Omega Energia was founded two years ago and undertakes acquisitions in hydro power plants.
On its part, Tarpon Investimentos is a controlling shareholder [...]

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Kazakh miner Eurasian Natural Resources Corporation Plc expands presence in Brazil

Comments Off | 09-23-2010

Eurasian Natural Resources Corporation Plc (ENRC), the Kazakh based miner is to expand its presence in Brazil. The firm will remit $670 million for the Brazilian venture, to expand its iron ore business and diversify into Latin America’s biggest emerging market. Brazil is currently Latin America’s largest economy, and the Kazakh miner is hopeful of [...]

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Posted in General, Mining in Brazil | Read More

Chinese company Chery Automobile to set up manufacturing plant in Brazil

Comments Off | 09-22-2010

Chinese firm, Chery Automobile, has reached an agreement for the construction of a plant in Brazil. The deal was appended to in a memorandum of understanding with the Brazilian state owned Investe Sao Paolo, controlled by the Sao Paolo state. Investe Sao Paolo chairman, Mario Mugani Jr signed the agreement for the set up of [...]

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Posted in General, Manufacturing Brazil | Read More

Silver Lake to buy minority stake in Brazilian Web hosting firm Locaweb

Comments Off | 09-21-2010

Silver Lake Sunday accepted a deal for the purchase a minority shareholding in Brazilian Web hosting firm, Locaweb. The exact details regarding the finances involved were however undisclosed. The minority stake is expected to give the buyout firm, Silver Lake, an opportunity to take advantage of the vast growth opportunities in Brazil, currently the fifth [...]

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Las Vegas based company AlertBoot sets up subsidiary in Brazil, Latin America’s biggest economy

Comments Off | 09-20-2010

AlertBoot expanded its full disk encryption services into Brazil via establishing a subsidy in the country. AlertBoot offers disk encryption and its Brazilian investment plans will see it invest about 1 million reals in a new subsidiary. Tim Maliyil, AlertBoot chief executive officer noted that since the firm’s launch, AlertBoot has witnessed considerable demand for [...]

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