Companhia Brasileira de Distribuicao, Brazil’s biggest and foremost retailer, is to acquire the remaining stake in Sendas for an estimated $225 million. The move will effectively turn over 100 per cent ownership of Sendas to the giant retailer. In its announcement, Companhia Brasileira de Distribuicao said it will pick up the remaining 42.57 per cent [...]

Brazilian shopping center administrator Iguatemi Empresa de Shopping Center SA said Friday that it plans to tap credit markets with a five-year debenture sale. In a filing with securities regulators, Iguatemi said that it planned to sell 300 million Brazilian reais ($178 million) worth of debentures.
Proceeds from the sale of non-convertible debentures will be used [...]

Hypermarcas SA, the Brazilian consumer-goods reported that it will be making a payment of around 2.5 billion reais, about $1.5 billion, for drugmaker Mantecorp Industria Quimica & Farmaceutica SA. The Brazilian firm has recently made over 10 acquisitions, spanning the last one year. However, its announcement of the latest investment saw its share decline.
The firm [...]

Brazilian publicly held company BR Malls Participacoes S.A. Tuesday announced it had bought 49.99 per cent of CIMA Empreendimentos do Brasil S.A. The deal gives BR Malls Participacoes the option to acquire the remaining 50.01 per cent stake of CIMA Empreendimentos do Brasil S.A. CIMA Empreendimentos do Brasil S.A. holds a 100 per cent stake [...]

Chile’s biggest retail firm has agreed to buy Brazilian firm Supermercados Bretas in what is expected to be the largest acquisition in five years. Cencosud SA, the Chilean retail giant will take over the Brazilian business in an investment that comes as its Chairman, Horst Paulmann’s biggest in a spate of five years.
The Chilean firm [...]

US based Starbucks Corporation Friday announced the completion of a deal that will see it acquire Starbucks Brazil. In the deal, Starbucks Corporation will acquire 100% ownership and another 100% operating control of Brazil’s Starbucks via a takeover of Cafes Sereia do Brasil Participacoes SA. The move is aimed at expanding its foothold into the [...]

Localiza Rent a Car, a local Brazilian auto rental company based in Belo Horizonte state said Monday that it plans to invest about $1.4 billion for investments geared at revamping its provision of services. According to the announcement, the company will invest 2.5 billion reals, an equivalent of the $1.4 billion for the purchase of [...]

Brazilian giant home appliances retailer, Magazine Luiza, Wednesday denied speculations that it is in talks with its two rivals over a potential takeover. Speculation had been rife, particularly from the Brazilian newspaper, Valor Economico, that Magazine Luiza had entered talks to expand its business in the country by purchasing 100% stake in its rivals in [...]