American based Ebix has agreed on a deal for the purchase of Brazilian insurance solutions provider, USIX Technologies. The US firm is a provider of software and e-commerce solutions to insurers, and the transaction was closed Tuesday upon being concluded. However, Ebix is yet to reveal the value of the investment, rather stating plainly that [...]

US based firm, Ball Corporation Thursday announced it had increased its stake in its Brazilian joint venture by an additional 10.1%. Ball Corp. said it had acquired the additional economic interest in Latapack-Ball Embalagens Ltda, its beverage packaging joint venture in Brazil. The deal now hikes Ball Corp.’s overall ownership in the joint venture to [...]

The UK based firm, G4S announced Thursday that it will be strengthening its Brazilian foothold with the acquisition of Brazilian firm, Plantech. G4S, the world’s largest security firm, reported that its mulling further investments in Brazil and the acquisition of Plantech is a move in that direction.
Plantech is a Brazilian group focused on systems for [...]

Telefonica, the Spanish telecoms company, Tuesday announced that it intends to raise its bid for Portugal Telecom’s stake in the holding company that controls Vivo, the Brazilian mobile phone operator, to about €7.15 billion from the initial offer of €6.5 billion. This is the second time the Spanish telecoms company is increasing its bid for [...]

The Dutch international design, consulting, engineering and management Services Company, ARCADIS, Friday announced that its Brazilian subsidiary had signed a US$54 million deal with the Sao Paulo State Basic Sanitation Company, SABESP, for its services. According to the announcement, the company said that a syndicate led by its Brazilian subsidiary, ARCADIS Logos, had signed the [...]

The Brazilian government yesterday confirmed that property investors in the country may be banned from owning land. In the announcement, foreign real estate investors interested in owning land in the Brazil might face tougher restrictions as the Brazilian government clamps down on land ownership over food security concerns.
As such, buying land in the country could [...]

Petrobras announced that its Board had successfully approved the company’s planned five-year $224 billion investment strategy. The state owned oil giant’s investment budget is way above the $200 billion to $220 billion the company had released earlier this year as its planned investment spending fund. In its five-year plan covering 2009/2013, Petrobras had released a [...]

The Brazilian sugar and ethanol sectors are pushing forward with major consolidation investments, with a new JV between Petrobras, the Brazilian state run oil giant, and Sao Martinho SA, a sugar producer for the production of ethanol. The Brazilian state run company announced Monday that it part with $239 million for the 49% stake in [...]