Cargill has gone into an agreement with Unliever for the acquisition of Unliever’s tomato products business in Brazil. The investment will cost Cargill an estimated US$350.6 million. The investment will see Cargill takeover Unliever’s Pomarola, Tarantella, Elefante, Extratomato, and Pomodoro brands, and a manufacturing facility based in Goiania, Brazil. Other than that, Cargill will also acquire the firm’s related manufacturing assets.
The Brazilian government has been asked to eliminate trade barriers to foreign investments as it plans to commence its nationwide broadband investment. Brazil has been requested by European telecoms firms to ease trade barriers, as the firms seek to get a piece of the planned ambitious project to offer broadband to about 40 million users in Brazil.
Petrobras raised $70 billion last week in what was considered the biggest share offering globally. The Brazilian state owned Oil Company now has the financial footing it required for its planned vast offshore oil reserves exploration. Petrobras had planned the share offering as it sought funds for its $224 billion war chest.
The port of Pecem in the Ceara state of Brazil will invest some considerable amount in the enhancement of the port’s infrastructure. The investment will be undertaken in a period of the coming six years, to cost about US$1.3 billion. The investment plans were revealed by the port’s spokesman in an interview with BNamericas. The BNamericas report indicated the investments are geared at not only improving the port, but as well expanding and reinforcing its infrastructure.
Warburg Pincus, one of the leading global private equity firms, and Tarpon Investimentos have invested $201 million in Omega Energia. Warburg Pincus will be leading the investment in the Brazilian energy firm, Omega. Omega Energia was founded two years ago and undertakes acquisitions in hydro power plants.
Eurasian Natural Resources Corporation Plc (ENRC), the Kazakh based miner is to expand its presence in Brazil. The firm will remit $670 million for the Brazilian venture, to expand its iron ore business and diversify into Latin America’s biggest emerging market. Brazil is currently Latin America’s largest economy, and the Kazakh miner is hopeful of an increased business offering in the country.
Chinese firm, Chery Automobile, has reached an agreement for the construction of a plant in Brazil. The deal was appended to in a memorandum of understanding with the Brazilian state owned Investe Sao Paolo, controlled by the Sao Paolo state. Investe Sao Paolo chairman, Mario Mugani Jr signed the agreement for the set up of the manufacturing plant at Jacerei, situated about 80 kilometres from the city of Sao Paolo.
Silver Lake Sunday accepted a deal for the purchase a minority shareholding in Brazilian Web hosting firm, Locaweb. The exact details regarding the finances involved were however undisclosed. The minority stake is expected to give the buyout firm, Silver Lake, an opportunity to take advantage of the vast growth opportunities in Brazil, currently the fifth biggest internet market globally. Brazil also has the fastest growing economy, with lots of opportunities in the IT and ITES market segment.
AlertBoot expanded its full disk encryption services into Brazil via establishing a subsidy in the country. AlertBoot offers disk encryption and its Brazilian investment plans will see it invest about 1 million reals in a new subsidiary. Tim Maliyil, AlertBoot chief executive officer noted that since the firm’s launch, AlertBoot has witnessed considerable demand for its respected disk encryption services globally.
Canada’s biggest bank Thursday agreed to the purchase of Dresdner Bank Brasil SA from its parent, Commerzbank AG. Bank of Nova Scotia, the Canadian bank, will acquire the wholesale banking unit of Commerzbank AG, Dresdner Bank for an unknown amount. The investment is an effort targeted at enabling Nova Scotia gain from an increase in investments in Brazil’s oil, natural gas and mining industries.
The Southern Hemisphere’s biggest manufacturer of generic medicines, Aspen Pharmacare Holdings is considering additional acquisitions in Brazil and Latin America at large. The firm is keen on growing its business from the Latin America to other parts of the world such as Australia.
In its plans, Aspen will target Latin America for continued investments aimed at establishing a more robust foothold that will in turn enable it establish a vigorous presence in Australia and other areas.
Evercore Partners Inc announced Wednesday that it had reached an agreement for the acquisition of a 50 per cent stake in Sao Paolo based firm, G5 advisors. Evercore reported that it had appended a definitive agreement that will see it acquire the interest in the Brazilian independent investment banking boutique and investment managing firm.
In an announcement Monday, Royal Philips Electronics said it had agreed on a deal that will see it acquire Brazilian information systems developer, Wheb Sistemas. The Brazilian firm is one of the foremost firms in the country in the provision of clinical information systems. Royal Philips Electronics reiterated that the Brazilian investment is in line with its plans for expansion, targeting growth of its clinical informatics portfolio.
Reuters reported Friday that Chinese firm, Sinopec Group and CNOOC Ltd are bidding for stakes in assets controlled by OGX SA, a Brazilian oil and gas start up firm. Quoting sources privy to the talks, Reuters reiterated that the two firms may be keen on an investment on the Brazilian firm pegged at a potential $7 billion. The Brazilian start up, OGX SA is part of the larger EBX industrial group that is owned by Eike Batista, the Brazilian billionaire.
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 around 60%.
In a move targeted at investments in Brazil, Latin America’s biggest and fastest growing economy, Axxon Group Pvt Equity is mulling a raising pegged at $290 million for Brazilian investment undertakings, Bloomberg reported Thursday. According to the Bloomberg reports, Axxon Group Pvt Equity is keen on investing in the healthcare, education, retail and cosmetics industries in the country.
US based Owens-Illinois Inc reported that it had acquired Brazilian firm, Companhia Industrial de Vidros. Companhia Industrial de Vidros manufactures glass and the US firm reiterated that its acquisition will greatly expand its foothold in South America’s biggest container market. Owens-Illinois is keen on considerably expanding its presence in South America and especially Brazil, currently the biggest container market in the region.
Petrobras, the Brazilian state owned oil firm, reported that it will be selling about $64.5 million of its new stock. In a filling to the Brazilian stock market, the oil firm announced its new stock selling plans that by far present the largest in capital markets history. With the announcement, Petrobras stock went up sharply, defying months of uncertainty that have affected share prices.
Even after raising its bid for Brazilian junior mining firm several times, Brazil’s and the world’s biggest iron ore miner, Vale SA, failed in its bid to purchase a majority stake in Paranapanema. Paranapanema is a Brazilian copper refiner and Vale had proposed to acquire a majority of its stake, raising its bid for the major stake proposal severally. However, the bid failed in a share tender, dwindling Vale’s hopes.
Reports emerged Friday that an investor consortium from Singapore is currently in talks with Brazilian billionaire, Andre Esteves, for the acquisition of a 15% stake in Esteve’s Banco BTG Pactual SA. The reports were first carried by Bloomberg News, citing sources privy to the talks as having relayed the information. Banco BTG Pactual SA is Brazil’s largest equity underwriter and sources said it expects to seal the deal in a month’s time.
Cap Gemini SA Friday said it had acquired a stake in Brazilian based reseller, CPM Braxis. The purchase, pegged at 194 million UK pounds, will see Cap Gemini acquire 55 per cent stake in CPM Braxis. The Brazilian firm employs about 5,500 individuals and expects a turnover of 375 million pounds this year. CPM Braxis is a specialist in financial clients and before the acquisition, it boasted bank Bradesco as its largest shareholder.
Caterpillar Inc. announced it had acquired a manufacturing plant in Campo Largo, located in the state of Parana, Brazil. Caterpillar Inc. said the newly acquired facility will be used for the manufacture of backhoe loaders and small wheel loaders. Currently, the firm manufactures backhoe loaders and small wheel loaders at its Piracicaba facility.
The Carlyle Group announced it had acquired a stake in Brazilian lingerie maker, Scalina. The Carlyle Group, a private equity company, said the move is aimed at making use of the fast growing lingerie and hosiery market in Brazil, Latin America’s biggest economy. Reports indicate that the deal for the Brazilian firm might be pegged at about $123 million. For that amount, the Carlyle Group will acquire a 51% stake in Scalina.
In a piece run by the Qatar News agency, it was reported that Hassad Food, owned and controlled by the Qatar sovereign wealth fund is keen on acquiring a sugar project in Brazil. In the report, Hassad Food plans to acquire a sugar project in Brazil with a capacity to produce 25 million tons yearly.