Archive for October, 2010

Three Brazilian regional hotels Bristol, Plaza Inn and Solare Hotel merge to form a new Hotel chain Allia Hotels

Comments Off | 10-30-2010

Three Brazilian regional hotels have merged to form a new Hotel chain, Allia Hotels. The merged entity is the biggest 100 per cent national hotel chain in Brazil. The three hotels groups are Bristol Hotels, based in Minas Gerais; Plaza Inn Hotels, based in Sao Paulo and Solare Hotel Group, from Maranhao.  The new group [...]

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Posted in FDI Brazil statistics, General | Read More

Ebix Inc to acquire Rio de Janeiro based Insurance Exchange – USIX Technologies Inc, reports

Comments Off | 10-29-2010

Renowned international supplier of on-demand software and e-commerce services to the insurance industry, Ebix Inc signed an agreement that will see it acquire Brazilian firm USIX Technologies Inc. Reports emerged Thursday that Ebix Inc is has gone into the agreement for the takeover of the Rio de Janeiro based firm.
The Brazilian firm provides exchange solutions [...]

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Posted in FDI Brazil statistics, General | Read More

Brazil’s wealthiest man Eike Batista to extend the scope of his REX real estate company to initial focus in the state of Rio de Janeiro

Comments Off | 10-28-2010

Brazil’s wealthiest man Eike Batista is reported to be mulling plans to increase the scope of his firm, REX.  The billionaire is planning to extend the capacity of REX real estate, part of the EBX group. The expansion is to focus primarily in the Rio de Janeiro state at first. The firm was established back [...]

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Posted in FDI Brazil statistics, General, Real Estate Brazil | Read More

US based lender JPMorgan Chase & Co to buy Brazilian hedge fund and private equity firm Gavea

Comments Off | 10-27-2010

US based lender JPMorgan Chase & Company is to acquire Brazilian hedge fund and private equity firm Gavea. JPMorgan Chase is America’s second biggest US lender in terms of assets. The bank agreed to buy the Brazilian firm for an undisclosed amount. The reports were carried by a Brazilian paper, Veja magazine in its online [...]

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

Odebrecht oil and gas division receives $400 million investment from Singapore state investor Temasek

Comments Off | 10-26-2010

Odebrecht, the Brazil based engineering firm last week reported its oil and gas unit had received about $400 million investment from Temasek, the Singapore state owned investor. In a press release, the firm said the investment marks a significant move in the growth of Odebrecht Oleo e Gas. The unit is mulling plans to invest [...]

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Posted in FDI Brazil statistics, General | Read More

CADE, Brazil’s anti-trust regulator approves Oi’s acquisition of Brasil Telecom after a long wait

Comments Off | 10-25-2010

CADE, Brazil’s anti-trust regulator last week announced it had approved Oi’s acquisition of Brasil Telecom. The Dow Jones reported CADE approved the sale of Brasil Telecom to Oi without structural restrictions, and a statement of commitment to performance was executed. In a statement, Oi said it had gotten the green light from the regulator, with [...]

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Posted in FDI Brazil statistics, General, Telecommunications | Read More

Ardent Mines Limited signs MOU with Rio Sao Pedro Mineracao Ltd on gold mining potential property

Comments Off | 10-23-2010

Ardent Mines Ltd Friday announced it had signed a Memorandum of Understanding with the owners of Brazil’s Rio Sao Pedro Mineracao Ltd over property owned by the Brazilian firm. The property has gold mining potential. Rio Sao Pedro Mineracao Ltd controls land suitable for prospective gold mining situated about 8 miles from Paracatu, and around [...]

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Posted in FDI Brazil statistics, General, Mining in Brazil | Read More

US based pharmaceutical company Pfizer Inc. enters partnership with Brazil’s Laboratorio Teuto Brasileiro to develop and commercialize generic medicines

Comments Off | 10-22-2010

US based pharmaceuticals major Pfizer Inc Thursday announced it has entered a partnership with Brazil’s foremost generics industry firm for the manufacture of generic medicines. In its announcement, Pfizer said it had agreed on a partnership with Laboratorio Teuto Brasileiro S.A, Brazil’s leading firm in the country’s generics industry, to develop and commercialize generic medicines.
Under [...]

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Posted in FDI Brazil statistics, General | Read More

US based A. Schulman Inc to buy Brazil’s Mash Compostos Plasticos

Comments Off | 10-21-2010

A US based manufacturer and supplier of plastic resins and compounds is to buy Brazilian producer of resin-based concentrates and color compounds, Mash Compostos Plasticos for an undisclosed amount. Mash Compostos Plasticos is a Brazil-based masterbatch additive producer and engineered plastics compounder. The move is aimed at enabling the US firm gain considerably from the [...]

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Posted in Chemical/Petrochemical Investment Brazil, FDI Brazil statistics, General | Read More

Qatar Holding acquires a five percent stake in Banco Santander’s Brazilian unit

Comments Off | 10-20-2010

Qatar’s direct investment vehicle reported Monday it had acquired a 5 per cent shareholding in Spanish Bank, Santander’s Brazilian unit. Qatar Holding, the direct investment vehicle for the Gulf state said it had bought the 5 per cent stake in Banco Santander’s Brazilian unit for an estimated $2.7 billion. Banco Santander is Spain’s largest bank [...]

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Posted in Banking Industry, FDI Brazil statistics, General | Read More