US based Starbucks Corporation Friday announced the completion of a deal that will see it acquire Starbucks Brazil. In the deal, Starbucks Corporation will acquire 100% ownership and another 100% operating control of Brazil’s Starbucks via a takeover of Cafes Sereia do Brasil Participacoes SA. The move is aimed at expanding its foothold into the large Brazilian market.

Banco BTG Pactual SA expects share sales to go up in the second half of 2010 as soon as the offer from Petroleo Brasiliero SA is concluded. Petroleo Brasiliero SA made an offering of $25 billion for the purchase of Banco BTG Pactual SA. Banco BTG is Brazil’s largest equity underwriter. According to the bank, overseas demand for emerging market stocks is on the rise and investors are keen on purchasing stocks that are related to Brazil’s economic growth.

In a deal pegged at $3.7 billion, Chilean airline company, Lan Airlines SA, said it had completed an agreement that will see it takeover the Brazilian airlines firm, Tam SA. Lan Airlines SA is Latin America’s largest carrier in terms of market value and the Brazilian investment is expected to enable the firm further expand its foothold in the region. The Brazilian airlines market has been impressive recently, as rising incomes increase demand for leisure travel.

Reports emerged Thursday that Vodafone may not after all be bidding for Brazilian wireless carrier, TIM Participacoes as has been widely expected. Vodafone, the biggest mobile phone company in the world in terms of revenue, may not bid given the toughness of the Brazilian telecoms market for new companies.

Chinese steel major, Wuhan Iron & Steel, is mulling the construction of a $5 billion steel plant in Brazil. The revelations come amidst round table trade talks during the Chinese President’s visits to Brazil in which a number of cooperation deals were signed. With the agreements for trade in place, the Chinese steel manufacturer revealed it is planning to set up a steel plant in Brazil.

India’s largest sugar refiner Shree Renuka Sugars said Friday that it is considering additional investments in Brazil. Shree Renuka Sugars already owns majority stakes in two Brazilian firms that it acquired last year November. The Indian sugar producer said it would be acquiring more investments to bolster its existing two and increase its presence and business in Latin America’s biggest economy, Brazil.

Embratel Participacoes Thursday reported that it is keen on offering to purchase all the shares of Net Servicos. Embratel Participacoes, a Brazilian phone company, said it will offer the purchase of 100% of Net Servicos, considered the biggest cable television operator in Brazil. In that regard, Embratel said it will be making an offer of 4.58 billion reals for the potential takeover.

Standard Life Investments Wednesday announced it had completed the acquisition of two additional investments in Brazil. The company said it had made the two acquisitions on behalf of its Select Property Fund and would undertake them at about 110 million Brazilian reals. Standard Life Investments said the two acquisitions, made up of two prime holdings now gives the Select Property Funds about 48% of its portfolio allocated to direct commercial property markets around the world.

Publicis Groupe Monday announced that it had struck a deal for the acquisition of AG2, one of Brazil’s foremost and biggest independent digital agency. In the agreement deal that sealed the acquisition, Publicis announced that AG2 will be aligned with Publicis Modem, Publicis global network’s digital unit but will be renamed AG2 Publicis Modem. On the same breadth, AG2 will however retain its chief executive officer, Cesar Paz but he will henceforth be answerable to the Chief executive of Publicis Brazil, Orlando Marques.

Brazil’s Vale SA, the biggest iron ore producer globally, Thursday said it had agreed on a deal that will see it takeover Paranapanema, the Brazilian copper smelter. In a move the company said is aimed at diversifying its revenue generation sources, Vale SA said it would be remitting 2 billion Brazilian reals, about US$1.13 billion for the buy out of the copper smelter.

In its quest to fuel its rapid economic growth and expansion, Chinese investments have increased tremendously in Brazil, reported the Washington post. In its strategy to ensure a steady supply of resources for development, Chinese state firms are on a globe trotting prowl for investments and so far Brazil appears to be a favorite target. The Asian economic tiger has over $2 trillion in its foreign reserves and is encouraging state firms to seek growth outside of China to supplement the reduced growth domestically.