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International

Carolina Mandl

Exclusive: General Atlantic-backed Hotmart hires banks for Nasdaq IPO - sources

Jun 18 2021

SAO PAULO Technology company Hotmart has hired banks for an initial public offering to raise roughly $500 million, likely by year-end, three sources familiar with the matter said, the latest in a series of Brazilian tech startups looking to go public.

Vale, BHP propose 1.2 billion reais DIP financing for Samarco, creditors oppose

Jun 16 2021

RIO DE JANEIRO/SAO PAULO (Reuters) -Bankrupt miner Samarco Mineracao SA plans to receive a 1.2 billion reais ($238 million) debtor-in-possession loan extended by controlling shareholders Vale SA and BHP Group Ltd, according to court documents reviewed by Reuters.

Brazil exporters demand $3.8 billion from banks for currency manipulation

Jun 16 2021

SAO PAULO (Reuters) -Brazil's biggest exporters, including Vale SA and Suzano SA, are demanding 19 billion reais ($3.77 billion) from a series of foreign and domestic banks in a lawsuit accusing them of manipulating foreign exchange rates, according to court documents reviewed by Reuters.

UPDATE 2-Brazil exporters demand $3.8 bln from banks for currency manipulation

Jun 16 2021

SAO PAULO, June 16 Brazil's biggest exporters, including Vale SA and Suzano SA, are demanding 19 billion reais ($3.77 billion) from a series of foreign and domestic banks in a lawsuit accusing them of manipulating foreign exchange rates, according to court documents reviewed by Reuters.

Advent invests $430 million in Brazil payments firm Ebanx before IPO

Jun 15 2021

SAO PAULO Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday.

Mastercard, Ambev back away from Copa America as players vent COVID-19 concerns

Jun 09 2021

SAO PAULO Mastercard Inc and drinks company Ambev, major sponsors of South American soccer, backed away from the Copa America on Wednesday as players criticized organizers for moving the tournament to Brazil despite one of the world's worst COVID-19 outbreaks.

Mastercard drops branding from Copa America amid COVID concerns

Jun 09 2021

SAO PAULO Mastercard Inc has decided to temporarily remove its branding from the Copa America amid criticism over a last-minute decision to host the soccer tournament in Brazil, which is struggling with one of the world's worst COVID-19 outbreaks.

XP's bank plans financial services marketplace - CEO

Jun 09 2021

SAO PAULO Brazilian broker XP Inc is bolstering its banking unit to offer financial services such as credit and insurance to the more than 3 million clients it serves, an executive said.

Berkshire leads $750 million Nubank funding round, values it at $30 billion

Jun 08 2021

(Reuters) -Warren Buffett's Berkshire Hathaway Inc invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.

Brazil's Itau to be more active in M&A, partnerships in 2021, says CEO

Jun 02 2021

SAO PAULO Brazil's Itau Unibanco Holding SA will be more active in making acquisitions and forming partnerships with smaller competitors this year, Chief Executive Milton Maluhy told journalists on Wednesday.

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