Archive for March, 2011

Tuscany International Drilling to acquire issued and outstanding shares of a private Brazilian drilling and work-over company

Comments Off | 03-31-2011

Canada based Tuscany International Drilling Inc. has entered into a letter of intent to acquire all of the issued and outstanding shares of a private Brazilian drilling and work-over company, together with seven drilling rigs and two work-over rigs located in Brazil from an affiliate of the Company, for an aggregate cash purchase price of [...]

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Posted in FDI Brazil statistics, General, Oil and Gas Brazil | Read More

Portugal Telecom picks up bigger stake that previously planned in Brazil’s Oi

Comments Off | 03-31-2011

Portugal Telecom has acquired a 25.3 per cent of Brazilian carrier Telemar Norte Leste SA or Oi. The transaction was for a consideration of 8.32 billion reais, about US$5 billion, and gives the Portuguese firm a bigger stake than it had originally planned to acquire. The purchase comes as the finalization of a long standing [...]

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

RIO Tinto in talks for share purchase in Brazilian firm Cia Siderurgica Nacional

Comments Off | 03-30-2011

After its unsuccessful bid for a majority stake in Riversdale Mining, Australian mining giant Rio Tinto is reportedly in talks to acquire shares of Brazil’s Cia Siderurgica Nacional, reported The Australian. Rio Tinto had offered AU$3.9 billion for Riversdale, aiming to bolster its coking coal assets with an extensive deposit in Mozambique.
According to the Australian, [...]

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

Banco Santander Brasil SA increases headcount to meet growing demand as Brazilian economy grows

Comments Off | 03-29-2011

Bloomberg reported that Banco Santander Brasil SA is planning to increase its headcount of 122 private bankers by upwards of 20 per cent this year as Brazil’s economic growth fuels demand for wealth management services. In an interview with Bloomberg, Maria Eugenia Lopez, head of Santander Brasil’s private-banking unit, said the positive economic moment Brazil [...]

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GP Investments picks up 56 per cent stake of major player in the Brazilian mobile resource management industry

Comments Off | 03-28-2011

GP Investments Ltd, a leading private equity firm in Latin America, announced it has invested an estimated R$168 million for a 56 per cent controlling stake in Sascar Tecnologia e Segurança Automotiva S.A. (Sascar).
Sascar is a major player in Brazil’s fast-growing mobile resource management (MRM) sector. The investment will be undertaken via GP Capital Partners [...]

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Spanish telecom giant Telefonica plans US$14.7 billion investment in Brazil through 2014

Comments Off | 03-25-2011

Telefonica, Spain’s largest telecoms operator, is mulling the investment of an estimated 24.3 billion reais, approximately US$14.7 billion, in Brazil between 2011 and 2014. The investment plans were revealed by Telefonica’s CEO Cesar Alierta, during a meeting with Brazilian President Dilma Rousseff.
In a statement Wednesday, Telefonica reiterated that the amount represents a 52 per cent [...]

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

Tres Coracoes Alimentos to acquire the business of Brazilian coffee company Fino Grao

Comments Off | 03-25-2011

Tres Coracoes Alimentos S.A., a 50 per cent joint venture of Strauss Coffee B.V. (74.9%) and Sao Miguel FIP, has signed a Letter of Intent to acquire the business of the coffee company Fino Grao, which operates mainly in the Minas Gerais province and its capital Belo Horizonte, in Brazil.
The transaction is expected to facilitate [...]

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Gerresheimer AG acquires Brazilian manufacturer of pharmaceutical plastic packaging products, Védat

Comments Off | 03-24-2011

Gerresheimer AG has acquired Vedat, a major Brazilian manufacturer of pharmaceutical plastic packaging products, especially plastic closures. Gerresheimer AG is one of the leading worldwide suppliers to the pharma and healthcare industry. The investment is aimed at strengthening its pharmaceutical plastic packaging business in South America. The financial details of the transaction were not disclosed.
Uwe [...]

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US Export-Import Bank extends $3 billion credit to Brazil to finance infrastructure projects and offshore oil drilling

Comments Off | 03-22-2011

Reports carried by Fox Business indicated that the Export-Import Bank of the United States is to extend a $3 billion credit to finance Brazilian purchases of goods and services from American firms, announced the Export-Import Bank’s chief executive.
However, a majority of the funds (approximately two-thirds) will be given to Brazilian state owned oil and gas [...]

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Avanco Resources completes agreement with major copper miner that increases the Rio Verde project three fold

Comments Off | 03-21-2011

Avanco Resources announced it has completed an investment agreement on a transaction that provides Avanco 100% of an extensive tenement package adjacent to the Rio Verde Project. The new tenement hosts an extremely prospective 14km long copper trend, a major motivator for Avanco’s significant increase and widening of the Rio Verde drill program. Additional rigs [...]

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