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.
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.
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.
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.
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.
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.
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.
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.
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.
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.