The Wall Street Journal (WSJ) reported that Brazil and the U.S. unveiled a series of accords on trade and investment aimed at reducing barriers for bilateral commerce and supporting local Brazilian economic development. The bilateral trade agreements were unveiled Saturday, as US President Barack Obama embarks on his first official visit to South America.
The accords [...]

The Wall Street Journal reported Wednesday that Brazilian billionaire Eike Batista’s conglomerate is to invest as much as $40 million a day to meet growing demand for Brazilian commodities and manufactured goods in the coming years.
In an interview with the Wall Street Journal (WSJ), Batista said he plans to create a new shipping company, purchase [...]

Swiss firm Nestle SA is to set a new dairy processing facility in Brazil to produce the Ninho and Molico brands, announced the firm Wednesday. The new milk factory will be constructed in the state of Rio de Janeiro, Brazil. The investment is for an estimated 163 million Brazilian reals. The 20,000 m2 factory in [...]

In an announcement on the Sao Paolo Stock Exchange (Bovespa), US based asset management firm Manulife Asset Management (MAM) said it has acquired a 5% stake in Brazilian logistics business LLX Logística. LLX Logistica is controlled by Brazilian tycoon Eike Batista. Under the purchase agreement, Manulife bought 34.8 million shares of LLX.
Manulife manages funds from [...]

The BG Group announced it is to invest $30 billion in Brazil in the next decade, as it moves to secure investments in the fast-growing reserves of crude and natural gas in Brazil. Speaking Monday, Reuters quoted BG Group chairman Robert Wilson, stating the firm was planning major investments to tap into growing oil and [...]

Trelleborg is to acquire a Brazilian business in the offshore oil and gas industry from a subsidiary of Veyance Technologies Inc. Through its Trelleborg Engineered Systems business area, the Swedish firm announced it has signed an agreement for the acquisition, expanding its offering in the Brazil oil and gas industry. The business focuses on specially [...]

Italian firm Parmalat is reportedly mulling the acquisition of Brazilian dairy group Lacteos Brasil. According to reports carried by Brazilian local dailies, the Italian firm is currently in talks with the Brazilian company over a potential acquisition. Brazilian newspaper Valor Economico reported Parmalat is keen on the investment as a measure targeted at countering a [...]

BP announced that it has agreed to acquire majority control of the Brazilian ethanol and sugar producer Companhia Nacional de Açúcar e Álcool (CNAA). The investment is expected to increase BP’s overall Brazilian production capacity to around 1.4 billion litres of ethanol equivalent per year (nine million barrels).
Under the terms of the investment, BP will [...]

GE announced it has acquired Wellstream Holdings Plc, taking control of the London Stock Exchange listed firm’s operations in Niterói, Brazil. GE, through its wholly-owned subsidiary, General Electric Austria GMBH, received valid acceptances for 98.63 per cent of Wellstream’s Shares.
GE had earlier announced on February 16, 2011, that it had commenced the compulsory acquisition of [...]

Quepasa Corporation, creator and operator of Quepasa.com, the popular online social network and game platform for the Latino community, has completed its acquisition of XtFt Games S/S Ltda, the owner of substantially all the assets of TechFront Desenvolvimento de Software S/S Ltda, a social game development studio based in Curitiba, Brazil, announced Quepasa Wednesday.
TechFront began [...]