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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]