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International

Juliana Schincariol

Brazil education M&A battle heats up as Kroton raises Estácio bid

Jun 21 2016

RIO DE JANEIRO/SAO PAULO The battle for control of Estácio Participações SA gained momentum on Tuesday as efforts by Brazil's No. 2 for-profit college operator to remain independent failed to prevent rivals from sweetening their bids.

Brazil's Kroton sees need to raise Estácio bid, source says

Jun 16 2016

RIO DE JANEIRO/SAO PAULO Kroton Educacional SA, Brazil's largest for-profit education firm, sees a need to improve terms of a takeover bid for Estácio Participações SA due to the recent surge in Estácio's share price, a source with direct knowledge of the matter said on Thursday.

Room prices rocket in Rio as landlords dig for Olympic gold

Jun 15 2016

RIO DE JANEIRO With hotels mostly booked, landlords are charging a pretty penny for tourists still seeking accommodation in Rio de Janeiro for the Olympics in August -- asking as much as $2,305 per night for a three-bedroom apartment far from venues and beaches.

Pearson sees possible Brazil targets as education deals heat up

Jun 08 2016

SAO PAULO, June 8 Pearson Plc is looking at several possible acquisitions in Brazil amid a wave of merger talks, an executive told Reuters, as the British education company aims to take advantage of a favorable exchange rate in a market where it is fast expanding.

Dreams deferred in Brazil as teetering Rousseff slashes student loans

Apr 29 2016

CARUARU, Brazil Jordânia Feitosa was three months into nursing studies at a private university in northeast Brazil when she learned her student loan application had been denied.

Brazil Petrobras securities probe may win judgments this year

Jan 18 2016

RIO DE JANEIRO Brazil's securities regulator CVM is investigating 10 complaints that state-led oil company Petrobras, its auditors, and former company executives misled investors, several of which could result in judgments this year, the CVM president said.

Accor slows new hotel construction in Brazil as activity dips

May 25 2015

RIO DE JANEIRO, May 25 Accor SA, Europe's largest hotel group, plans to slow construction of new hotels in Brazil this year, focusing instead on deals to convert independent hotels into franchisees in order to maintain growth in a sinking economy.

Brazil's regulator says Petrobras probe started long ago

Jan 13 2015

RIO DE JANEIRO Brazil's securities market regulator began investigating Petrobras long before it was made public, the watchdog's chief said, deflecting criticism the agency was slow to probe alleged corruption at the state-run oil company.

Trading probes on Brazil's Batista due in 2015: regulator

Aug 19 2014

RIO DE JANEIRO The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said.

Brazil may take weeks to analyze new Oi-Portugal Telecom accord

Jul 21 2014

RIO DE JANEIRO, July 21 Brazil securities watchdog CVM may take weeks to analyze the new terms of a merger between telecommunications companies Grupo Oi and Portugal Telecom SPGS SA that require Portugal Telecom to set aside more treasury-held shares, a former regulator told Reuters.

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