Edition:
United States

Tatiana Bautzer

TIM, Telefonica and Claro present bid for Oi's mobile assets

Jul 18 2020

SAO PAULO/MILAN TIM Participacoes , Telefonica Brasil and America Movil SAB de CV presented a joint offer for the mobile unit of bankrupt Brazilian carrier Oi Group , according to filings by the companies on Saturday.

Brazilian waste management firm finds cost-cutting users in pandemic

Jul 16 2020

SAO PAULO A month-old Brazilian company's machines that use bacteria to break down organic waste has found users among domestic upscale supermarket Natural da Terra, units of Reckitt Benckiser and Siemens AG , and logistics firm Luft, its chief executive said on Thursday.

Mubadala set for exclusive talks with Petrobras to buy Bahia refinery

Jul 09 2020

Abu Dhabi's investment fund Mubadala Investment Co [MUDEV.UL] will enter into exclusive talks with Petrobras to purchase Brazil's second-largest refinery, the Brazilian state-owned oil company said in a securities filing on Thursday.

EXCLUSIVE-Mubadala set for exclusive talks with Petrobras to buy Bahia refinery -sources

Jul 09 2020

July 9 Abu Dhabi's investment fund Mubadala Investment Co is on an inside track to acquire Brazil's second largest refinery, known as Rlam, after beating back competition from India's Essar Group, three people close to the negotiations said.

Brazil capital markets boom despite pandemic, M&A hits 20-year low

Jul 06 2020

SAO PAULO, July 6 Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy.

UPDATE 1-Brazil retailer Lojas Americanas to sell up to $1.3 bln shares, source says

Jul 05 2020

SAO PAULO, July 5 Brazilian retailer Lojas Americanas SA has hired banks for a share offering to raise 5 billion reais to 7 billion reais ($941 million to $1.32 billion), one source with direct knowledge of the matter said.

India's Essar group places bid for Petrobras' Bahia refinery

Jun 30 2020

SAO PAULO/RIO DE JANEIRO Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday.

IRB restates 2019 net income, cuts it by 31% due to accounting irregularities

Jun 30 2020

SAO PAULO IRB Brasil Resseguros has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.

Brazilian drugstore chain Pague Menos files for $224 million IPO

Jun 26 2020

SAO PAULO Brazilian drugstore chain Empreendimentos Pague Menos SA has filed for an initial public offering on the Sao Paulo-based stock exchange, according to a securities filing on Thursday.

World News