Global Village Telecom (GVT) Holding SA is to expand its operations into Rio de Janeiro as it embarks on its 2011 investment strategy for which it has a war chest of $1.04 billion. GVT Holdings SA is a Brazilian telecommunications company controlled by Vivendi. The plans will see GVT Holdings invest 400 million Brazilian reals [...]

According to a report carried by Brazilian Newspaper O Folha de Sao Paolo, the Brazilian government is planning to cap FDI in the country’s mining industry, amidst concerns over the growing number of Brazilian miners falling into foreign hands. The paper cited Brasilia’s concerns regarding the increasing foreign ownership of the country’s mineral resources, both [...]

Brazilian steelmaker Cia Siderurgica Nacional SA (CSN) announced it has increased its stake in Usinas Siderurgicas de Minas Gerais SA (Usiminas). CSN is also mulling bolstering its shareholding of its main rival on the Brazilian flat steel products market. The investment has seen CSN hike its share in the voting capital of Usiminas to 5.03%.
In [...]

Carpathian Gold Inc. announced Thursday that it has agreed to acquire a ball mill and crushers for its Riacho dos Machados gold project in Minas Gerais, Brazil. The investment will cost Carpathian a sum consideration of US$9 million for the equipment and technical information. Carpathian said the investment will be funded from its financial resources.
The [...]

Portugal Telecom Wednesday signed a definitive sale and purchase, subscription and shareholders agreements with Oi and its controlling shareholders for the acquisition of a 22.38% minimum direct and indirect stake in Brazil’s largest landline telephone company. The deal follows previous arrangements between the two firms last year, for which Portugal Telecom announced its interest in [...]

Aguia Resources Ltd entered a conditional agreement to acquire 100% stake of Potassio do Atlantico Ltda. Potassio do Atlantico Ltda is a private mineral exploration company in Brazil that is focused on potash exploration and development. As part of the investment, Aguia will offer 20 million fully paid ordinary shares and 1.5 million options exercisable [...]

Mills Estruturas e Serviços de Engenharia S.A. (Mills) announced that it entered into a purchase and sales agreement to acquire 25% of the voting and total capital stock of Rohr S/A Estrutura Tubulares (Rohr) for R$ 90 million.
Rohr is a privately held company specialized in access engineering and solutions for civil construction and has 45 [...]

Trelleborg announced it has signed an agreement to divest its operations in brake hoses for light vehicles located in Brazil. The Brazil business is part of the Trelleborg Automotive business segment. Trelleborg will sell the Brazilian operations to French company Flexitech. This divestment is a further step in the Trelleborg Group’s strategy of focusing on [...]

Alothon Group LLC, a leading private equity firm that invests in middle market growth companies in Brazil, announced Friday the completion of an investment in Industria Riograndese De Oleos Vegetais Ltd (Irgovel), through its Fund II investment fund.
Irgovel, based in the Brazilian state of Rio Grande do Sul, is the leading rice bran food ingredients [...]

Germany firm Biotest AG, Dreieich, has acquired all interests in Marcos Pedrilson Produtos Hospitalares Ltda. The Brazilian company, located in Rio de Janeiro, was Biotest’s distributor and holds all plasma protein registrations of Biotest for the Brazilian market.
Under the acquisition agreement, Biotest will acquire the Brazilian firm via a share deal. The firm has an [...]