SAO PAULO Netherlands-based Paper Excellence will argue in arbitration over its attempted takeover of Brazil's Eldorado Brasil Celulose SA that surging pulp prices played a big part in Eldorado's owners canceling the deal, according to documents seen by Reuters and two people with knowledge of the matter.
SAO PAULO, Sept 18 Brazil's largest payment
processor, Cielo SA, will partner with wireless
carriers Claro and TIM Participacoes SA to sell a new
mobile phone that also functions as credit and debit card
reader, a company executive said on Tuesday.
SAO PAULO, Sept 14 Brazil's largest independent
investment bank Banco BTG Pactual SA may keep its
stake in Petrobras Oil and Gas BV (Petrobras Africa) to avoid
having to book a loss in a potential sale, one source with
knowledge of the matter said on Friday.
SAO PAULO Brazilian information technology provider Tivit Terceirização de Processos, Serviços e Tecnologia SA has hired banks to resume plans for an initial public offering, two sources with knowledge of the matter told Reuters on Thursday.
SAO PAULO, Sept 12 The chief executive officer
of Itaú Unibanco Holding SA said on Wednesday he does
not think the central bank will block the bank from adding to
its stake in financial services firm XP Investimentos if it does
not seek to take a controlling position.
FLORIANOPOLIS, Brazil, Sept 11 Brazil's Belo
Monte hydroelectric dam does not require new capital
expenditures and will soon report stable cash flow and pay
dividends to shareholders, a director at pension fund Petros
said on Tuesday, adding that shareholders are unlikely to sell
it in the short term.
FLORIANOPOLIS The chief investment officer of Brazilian pension fund Previ said on Tuesday the fund needed more details to approve a proposed deal between Embraer SA and Boeing Co. .
FLORIANOPOLIS, Brazil, Sept 10 Brazilian
infrastructure operator Invepar should focus on
refinancing its substantial debt load instead of pursuing an
immediate sale, the chief executive of pension fund Previ, one
of Invepar's key investors, said on Monday.
SAO PAULO, Aug 29 Brazil's Itaú Unibanco Holding
SA is considering launching online-only bank accounts
in Argentina, an executive told Reuters, as it looks for ways to
grow in a country where distrust of banks is high and many do
not own accounts.
SAO PAULO Digital payments company PayPal Holdings Inc on Wednesday announced a partnership with Brazil's biggest private lender Itaú Unibanco Holding SA to offer its services to the bank's card clients.