Archive for July, 2011

Tray acquires payment gateway SuperPay

Comments Off | 07-30-2011

Tray, the largest e-commerce platform in Brazil serving an average of more than 4,500 stores, announces the acquisition of “payment gateway” SuperPay. In addition to the transaction, Tray announced that US$ 2 million will be invested initially for the development of new tools, integration interfaces, security, connectivity and marketing.
Tray’s CEO, Walter Leandro Marques, reiterated that [...]

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Experian acquires leading permission-based email marketing company in Brazil

Comments Off | 07-29-2011

Experian, the global information services company, announced that it has acquired Virid Interatividade Digital Ltda (Virid), a leading permission-based email marketing company in Brazil.
Founded in 1996, Virid is Brazil’s largest email marketing service provider, offering email delivery, email based behavioral segmentation, real-time campaign reporting, mobile delivery and social media integration. The company has over 800 [...]

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Imdex acquires System Mud of Brazil to strengthen its position in Latin America

Comments Off | 07-28-2011

Imdex Limited announced that it has signed an agreement to acquire Brazil’s System Mud Industria e Comercio Ltda (System Mud). Under the agreement, Imdex will pay approximately $9.0 million for System Mud.
Imdex Managing Director, Bernie Ridgeway, said the acquisition would strengthen the Company’s position in Latin America in relation to the manufacture and sale of [...]

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United Phosphorus Acquires 51 percent Majority Stake in DVA Agro Brazil

Comments Off | 07-27-2011

United Phosphorus Limited (UPL) Tuesday announced that it has acquired a 51% stake in DVA Agro Do Brasil (DVA Agro Brazil), a Brazilian company, from DVA Group, Germany and other shareholders. The balance 49% will continue to be held by the existing shareholders.
DVA Agro Brazil based out of Campinas, São Paulo state in Brazil is [...]

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Petroleo Brasileiro SA to invest upwards of US$224 billion in Brazil and overseas investments

Comments Off | 07-26-2011

Bloomberg Monday reported that Brazilian state owned oil and gas major, Petroleo Brasileiro SA (Petrobras), plans to boost debt and sell assets after approving a $224.7 billion investment plan.
Under the investment plans, Petrobras will raise as much as $91 billion in debt and sell up to $13.6 billion of assets as part of the spending [...]

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Schneider Electric acquires Brazil’s Steck Group

Comments Off | 07-25-2011

Schneider Electric, the global specialist in energy management, announced Friday that it has signed an agreement to acquire Steck Da Amazonia Industria Electrica Ltda. and affiliates (collectively Steck Group), a key player in the fast growing final low voltage segment serving the residential and commercial buildings and industries in Brazil.
Based in Sao Paulo and employing [...]

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Shell sells participation in an exploration block in Santos Basin, Brazil

Comments Off | 07-23-2011

Shell announced it has sold for US$ 350 million the 20% shares that it had in the BM-S-8 block of the Santos Basin. The buyers were the newly formed company Barra Energia, which acquired 10% of the area – its first asset in the country – and the Brazilian Queiroz Galvão Exploração e Produção (QGEP), [...]

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Midas Medici Group Holdings to Acquire Brazil-Based CIMCORP

Comments Off | 07-21-2011

Midas Medici Group Holdings Inc., an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, acquired CIMCORP, a mid-sized and well respected integrator in Brazil’s IT market.
The closing of the acquisition is subject to customary closing conditions and financing arrangements and is anticipated to [...]

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Brasil Insurance acquires Corretora de Seguros Ltda in growth strategy

Comments Off | 07-21-2011

Brasil Insurance Participações e Administração S.A., a publicly held company with common shares traded on the Novo Mercado of the Bovespa, announced that it has acquired Fazon Corretora de Seguros Ltda.
The acquisition is in line with Brasil Insurance’s strategy of growth through acquisition of interest in insurance and reinsurance brokerages. The investment makes Fazon Corretora [...]

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Russia’s TNK-BP in Farm-out Agreement with Brazilian Petra Energia

Comments Off | 07-20-2011

TNK-BP has signed a farm-out agreement with Petra Energia for the acquisition of a 45% stake in 21 blocks in the Brazilian Solimoes Basin.
The 21 oil and gas exploration blocks, majority owned and operated by HRT O&G, covering an area of approximately 48,000 km2, are located in the Amazon’s Solimoes basin. According to a Degolyer [...]

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