Canada’s biggest bank Thursday agreed to the purchase of Dresdner Bank Brasil SA from its parent, Commerzbank AG. Bank of Nova Scotia, the Canadian bank, will acquire the wholesale banking unit of Commerzbank AG, Dresdner Bank for an unknown amount. The investment is an effort targeted at enabling Nova Scotia gain from an increase in [...]

The Southern Hemisphere’s biggest manufacturer of generic medicines, Aspen Pharmacare Holdings is considering additional acquisitions in Brazil and Latin America at large. The firm is keen on growing its business from the Latin America to other parts of the world such as Australia.
In its plans, Aspen will target Latin America for continued investments aimed at [...]

Evercore Partners Inc announced Wednesday that it had reached an agreement for the acquisition of a 50 per cent stake in Sao Paolo based firm, G5 advisors. Evercore reported that it had appended a definitive agreement that will see it acquire the interest in the Brazilian independent investment banking boutique and investment managing firm.
G5 advisors’ [...]

In an announcement Monday, Royal Philips Electronics said it had agreed on a deal that will see it acquire Brazilian information systems developer, Wheb Sistemas. The Brazilian firm is one of the foremost firms in the country in the provision of clinical information systems. Royal Philips Electronics reiterated that the Brazilian investment is in line [...]

Reuters reported Friday that Chinese firm, Sinopec Group and CNOOC Ltd are bidding for stakes in assets controlled by OGX SA, a Brazilian oil and gas start up firm. Quoting sources privy to the talks, Reuters reiterated that the two firms may be keen on an investment on the Brazilian firm pegged at a potential [...]

US based firm, Ball Corporation Thursday announced it had increased its stake in its Brazilian joint venture by an additional 10.1%. Ball Corp. said it had acquired the additional economic interest in Latapack-Ball Embalagens Ltda, its beverage packaging joint venture in Brazil. The deal now hikes Ball Corp.’s overall ownership in the joint venture to [...]

In a move targeted at investments in Brazil, Latin America’s biggest and fastest growing economy, Axxon Group Pvt Equity is mulling a raising pegged at $290 million for Brazilian investment undertakings, Bloomberg reported Thursday. According to the Bloomberg reports, Axxon Group Pvt Equity is keen on investing in the healthcare, education, retail and cosmetics industries [...]

US based Owens-Illinois Inc reported that it had acquired Brazilian firm, Companhia Industrial de Vidros. Companhia Industrial de Vidros manufactures glass and the US firm reiterated that its acquisition will greatly expand its foothold in South America’s biggest container market. Owens-Illinois is keen on considerably expanding its presence in South America and especially Brazil, currently [...]

Petrobras, the Brazilian state owned oil firm, reported that it will be selling about $64.5 million of its new stock. In a filling to the Brazilian stock market, the oil firm announced its new stock selling plans that by far present the largest in capital markets history. With the announcement, Petrobras stock went up sharply, [...]

Even after raising its bid for Brazilian junior mining firm several times, Brazil’s and the world’s biggest iron ore miner, Vale SA, failed in its bid to purchase a majority stake in Paranapanema. Paranapanema is a Brazilian copper refiner and Vale had proposed to acquire a majority of its stake, raising its bid for the [...]