Archive for May, 2011

Travelex enters Brazilian market with acquisition of Grupo Confidence

Comments Off | 05-30-2011

Travelex, the world’s leading foreign exchange specialist, Friday announced its entry into the Brazilian market through the acquisition of Grupo Confidence (Confidence), Brazil’s largest independent foreign exchange business. The transaction is consistent with Travelex’s growth strategy, which is focused on expanding in fast growing regions and emerging markets.
Under the terms of the agreement, Travelex will [...]

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

Cielo acquires leading company in payment processing for e-commerce in Brazil, Braspag

Comments Off | 05-30-2011

Cielo S.A., the leading merchant acquirer and payment processor in Brazil, announced that it has acquired 100 per cent of the capital stock of Brazil’s leading company in payment processing for e-commerce, Braspag – Tecnologia em Pagamento Ltda. (Braspag). The acquisition was undertaken via a subsidiary of Cielo S.A.
Founded in 2005, Braspag is known for [...]

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

Sigma-Aldrich Corp. acquires Brazil’s Vetec Quimica Fina Ltda

Comments Off | 05-28-2011

Sigma-Aldrich Corporation (SIAL) announced it has acquired all outstanding shares of Vetec Quimica Fina Ltda to strengthen the Company’s position in Latin America.  Based in Brazil, Vetec is a leading supplier of high quality specialty chemicals for the academic and industrial markets and provides products that support research, development and manufacturing.
Terms of the purchase were [...]

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

AMIL Participacoes S.A. to acquire Lincx Sistemas de Saude Ltda

Comments Off | 05-27-2011

AMIL PARTICIPACOES S.A., the largest healthcare operator in Brazil, announced that it signed Thursday through its subsidiary Amil Assistencia Medica Internacional S.A. (Amil), a Purchase Agreement with the controlling shareholders of Lincx Sistemas de Saude Ltda. (Lincx) for the acquisition and transference of up to 100% of their interest in that company.
The amount to be [...]

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Posted in FDI Brazil statistics, General | Read More

Banco Bradesco S.A. gains shareholding control of Banco do Estado do Rio de Janeiro S.A

Comments Off | 05-26-2011

Banco Bradesco S.A. (Bradesco) acquired shareholding control of Banco do Estado do Rio de Janeiro S.A. (BERJ) from the Government of the State of Rio de Janeiro. The investment involved the purchase of 96.99% of common shares and 95.21% of preferred shares, representing 96.23% of BERJ’s capital stock, for a total of R$1.025 billion.
With the [...]

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

MMX Mineracao e Metalicos SA acquires control of PortX Operacoes Portuarias SA

Comments Off | 05-25-2011

According to the Wall Street Journal, Brazilian iron-ore miner MMX Mineracao e Metalicos SA acquired control of sister company PortX Operacoes Portuarias SA, allowing it to fully integrate its mining, port and shipping operations and to offer port services to third parties.
MMX, controlled by Brazilian billionaire Eike Batista, acquired 92.28% of PortX, which is also [...]

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

ACCIONA sells its stake in 17,147 parking spaces in 30 car parks in Brazil, Spain and Andorra

Comments Off | 05-24-2011

ACCIONA has sold-off its portfolio of current operative car park concessions, comprising 17,147 parking spaces spread across Brazil, Spain and Andorra. The investment was undertaken for a consideration of a total €190 million. The divestment took place in two separate operations: the EQT investment fund purchased the assets in Spain and Andorra, while the Brazilian [...]

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Tuscany International completes acquisition of Brazilian firm

Comments Off | 05-23-2011

Tuscany International Drilling Inc successfully closed its previously announced acquisition of all of the issued and outstanding shares of a private Brazilian drilling and work-over company (Brazilco), together with seven drilling rigs and two work-over rigs located in Brazil, for a cash purchase price of US$52 million.
The Acquisition was funded using a portion of the [...]

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

Thomson Reuters acquires Brazil’s leading provider of tax and accounting solutions for corporations

Comments Off | 05-21-2011

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, Thursday announced it has acquired Mastersaf, a top provider of tax and accounting solutions for companies operating in Brazil. Terms of the deal were not disclosed.
Mastersaf is a powerful complement to the Thomson Reuters’ global portfolio of legal, tax and accounting products. [...]

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Smiths Detection buys its Brazilian distributor from EBCO Systems Limited

Comments Off | 05-20-2011

Smiths Detection has purchased its Brazilian distributor from EBCO Systems Limited to take direct control over sales of its advanced security and detection products in one of the world’s fastest-growing economies.
EBCO, based in Sao Paulo, has been the exclusive distributor for Smiths Detection in Brazil since 1994; selling and servicing a wide range of X-ray [...]

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