According to Reuters, IPhone maker Foxconn is mulling a $12 billion investment in Brazil. The move is aimed at expanding Apple and other tech firms’ global market share to the world’s eighth largest economy.
The Reuters report said Brazilian President Dilma Rousseff’s administration is studying Foxconn's investment plan, the latest move by the manufacturer to expand its manufacturing operations beyond the booming southern Chinese city of Shenzhen.
Chilean energy firm Enersis SA is to invest an estimated $65.4 million in an upgrade of its distribution and transmission service in the Brazilian state of Rio de Janeiro. The plan shall be implemented through the subsidiary, Ampla, the distributor which supplies more than 2.5 million customers in the state of Río de Janeiro.
Japanese firm Takasago last week announced its Americas subsidiary completed its acquisition of a Brazilian flavor and fragrance facility. Takasago Americas division finalized the purchase of the facility in Vinhedo, Brazil, near Sao Paulo, reinforcing its foothold in the country’-- and the region’s---F&F marketplace.
Takasago is to refurbish the location, with investments in state-of-the-art technology for its manufacturing capabilities.
America Movil announced Thursday it has entered into a stock purchase agreement with GE Satellite Holdings LLC and its affiliates, to acquire 20% of the shares representing the capital stock of StarOne S.A.
StarOne is a Brazilian company that provides satellite services in Brazil. Empresa Brasileira de Telecomunicações S.A. (Embratel), subsidiary of AMX, currently owns the remaining 80% of the shares representing the capital stock of StarOne.
Terreno Resources Corp. is to acquire, from a private vendor, 100% of the Jatuarana Phosphate Project, the Nova Olinda Potash Project and the Manaus Bauxite Project, all located in Amazonas State, Brazil. The transaction is subject to certain due diligence conditions and to approval by the TSX Venture Exchange.
Cleveland Mining Company Ltd has acquired the 1,000km2 “Porto Grande” iron ore project in the Brazilian state of Amapá. The large, Greenfields tenement package is bounded by iron ore projects held by Anglo American and Cliffs Natural Resources, Brazilian super miners Mineração e Metalicos S.A and Vale.
Under the terms of the purchase agreement, Cleveland will make payments of US$0.4m and US$1.6m after 6 and 12 months respectively, following the cessional rights being transferred to Cleveland and environmental permits being published.
3i Group plc, an international investor focused on Private Equity, Infrastructure and Debt Management, has appointed Marcelo Di Lorenzo, previously of Standard Bank Private Equity, to head its newly-established office and team in Brazil.
Marcelo will head a team which has an established track record over the last 15 years, having worked on private equity transactions across Latin America. 3i will co-manage Standard Bank’s existing investment in Casa do Pão de Queijo.
Publicis Groupe has acquired an additional 11% stake in Brazil's Talent Group. The move hikes its stake in the Brazilian advertising firm to 60%. Publicis Groupe had earlier acquired 49% of Talent in October 2010.
Standard Gold Mines Plc has acquired 100% of Mining Finance Limited and its wholly owned operating subsidiary, Sao Pedro Mines (U.K.) Limited including its 25 year mining concession, licenses and business. It holds the mining rights to a 600 hectare 'open pit' gold mine, San Pedro Mineracao LTDA, located in Paracatu, Minas Gerais, in Brazil.
A new oil find has been made by Statoil immediately adjacent the Peregrino field in the Campos Basin offshore Brazil, Statoil announced. An exploration well drilled in the Peregrino South structure a few kilometres south of Peregrino has encountered oil in sandstones of the Carapebus geological formation.
According to a report carried Wednesday by Brazilian newspaper Valor Economico, Europe’s largest travel company TUI Travel, is in talks to acquire CVC Brasil. The Brazilian firm is currently the biggest player in the country’s travel sector.
Without revealing its source of information, Valor Economico indicated that TUI travel is in talks with CVC's controllers, the private equity firm Carlyle Group and Brazilian entrepreneur Guilherme Paulus. The paper did not reveal the financial details of the possible transaction.
ScanSource, Inc., the leading international value-added distributor of specialty technology products, through its wholly-owned subsidiary, ScanSource do Brasil Participações Ltda, has entered into a definitive purchase agreement with CDC Brasil, S.A., Brazil’s leading distributor of AIDC and point-of-sale solutions.
CDC Brasil is a value-added distributor that sells only to resellers and offers many of the same industry-leading products that ScanSource, Inc. provides.
CPFL Energia S.A. through its subsidiary CPFL Comercialização Brasil S.A. has entered into an agreement with a consortium of companies to acquire 100% of the quotas of Jantus SL and to potentially acquire another company to be organized by the consortium through a corporate reorganization in Jantus.
Tereos International is to expand the operations of its sugar and ethanol subsidiary in Brazil, Guarani. Tereos announced plans to invest 767 million reais ($476 million) to expand sugarcane crushing capacity and energy cogeneration of the subsidiary over the next 4 years.
This investment plan will benefit from a long-term 764 million reais financing agreement secured with the Brazilian Development Bank (BNDES) and from the successful completion of Guarani’s US$560 million refinancing.
Amgen, the world's largest biotechnology company, has expanded its operations in Brazil through the acquisition of Bergamo, a privately-held Brazilian pharmaceutical company. In addition, Amgen has also agreed to reacquire rights in Brazil to its products that were previously granted to Mantecorp (subsequently acquired by Hypermarcas).
Thomson Reuters Thursday announced that it has launched a new online research platform, Revista dos Tribunais Online, geared expressly for Brazilian legal professionals. The platform incorporates the more than 900 editions of Revista dos Tribunais that have been published without interruption since 1912.
According to the Wall Street Journal, Brazil's largest airline by revenue TAM will pay as much as $250 million to acquire a maximum 31 per cent stake in a small Brazilian airline, TRIP Linhas Areas. The Wall Street Journal quoted a report filed by Brazilian financial newspaper, Valor Economico.
Bullion Monarch Mining, Inc. Tuesday announced it has acquired the Niquelândia bauxite project located near the town of Niquelândia, in the Brazilian state of Goiás. Bullion has scheduled an estimated exploration budget of US$1.5 million to be invested in the first year of the project.
Belden Inc. has completed its acquisition of Brazil’s Poliron Cabos Elétricos Especiais Ltda. Belden is a global leader in signal transmission solutions for mission critical applications. Poliron Cabos Elétricos Especiais Ltda is a leading Brazilian cable company. The acquisition is an all cash transaction valued at approximately $30 million.
Reports emerged Sunday that renowned brewer SABMiller Plc is mulling the purchase of Brazilian business Primo Schincariol Industria de Cervejas e Refrigerantes. Primo Schincariol Industria de Cervejas e Refrigerantes is a privately owned firm and the country’s second largest brewer. The firm has been up for sale for around $2 billion, reported RTT News.
H.J. Heinz Friday announced that it has completed its acquisition of an 80% stake in Coniexpress S.A. Industrias Alimenticias. Coniexpress is a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables.
Squarestone Brasil Limited, the Anglo-Brazilian real estate development and investment firm, announced that it has, through its wholly owned subsidiary SB Brast Participacoes S.A., signed agreements with a leading Brazilian investment bank and a US private equity real estate group to fund and develop to completion Golden Square Shopping Mall.
Canada based Tuscany International Drilling Inc. has entered into a letter of intent to acquire all of the issued and outstanding shares of a private Brazilian drilling and work-over company, together with seven drilling rigs and two work-over rigs located in Brazil from an affiliate of the Company, for an aggregate cash purchase price of approximately US$52 million, announced Tuscany Wednesday.
Portugal Telecom has acquired a 25.3 per cent of Brazilian carrier Telemar Norte Leste SA or Oi. The transaction was for a consideration of 8.32 billion reais, about US$5 billion, and gives the Portuguese firm a bigger stake than it had originally planned to acquire. The purchase comes as the finalization of a long standing deal that was announced last year.