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.

Steel do Brasil Friday announced it had successfully acquired two of its mining rival companies in Brazil in a move to expand its operations. According to the company’s announcement, Steel do Brasil made the investment at an estimated 435 million dollars for the takeover of the two mining firms. The company said it had acquired 70% of Mhag Servicos e Mineracao, the Brazilian iron ore miner that is part of the larger Campina Mining Group for an estimated 245 million dollars.

Brazilian mobile phone giant Oi has denied reports that it is considering a possible minority share sale to Portugal Telecom. Reports emerged Thursday that Oi, Brazil’s biggest phone company had reportedly said it would support a move for a minority stake from the Portuguese telecoms firm. The company said the reports were false and that the said source, the company’s Investor Relations Director had been misquoted over the Portugal Telecom affair.

Australian mining company, Centaurus Metals, Wednesday announced it had expanded its business in the Latin American country, Brazil. The emerging iron ore producer said it had increased its iron ore portfolio in Brazil after choosing to exercise its options and acquire 16 fresh tenements.

After a protracted wait for the acquisition of its joint venture partner’s stake in the Brazilian telecoms giant, Vivo, the Spanish telecoms company, Telefonica Monday announced it had withdrawn its contention for the stake purchase. The Spanish company withdrew a planned $9.26 billion takeover bid it had launched for the complete takeover of its Brazilian wireless JV with the Portuguese telecoms firm after the Portuguese government barred the investment, forcing an intervention from the European Union.

Brazilian company, Laep Investments Limited, Thursday announced that it had reached an agreement with Global Yield Fund Limited (GEM) for a capital injection of about $42.3 million. Laep Investments Ltd is a Brazilian fund responsible for the Parmalat dairy Company, as well located in the country. In the agreement, GEM will fund Laep’s investment and growth plans through an injection of capital, the company reported Thursday in a statement.

ANTT, the Brazilian national grounds transport agency announced Tuesday that it will be publishing its infrastructure tender for the construction of the Rio de Janeiro-Sao Paulo-Campinas bullet train. The agency announced it will commence tendering for the US$18.8 billion infrastructure investment today, its spokesman said.