Brazil is increasingly a participant in the mergers and acquisitions market. Along with China, the Latin American country led the emerging world to account for one-third of the global industry. According to a survey by Thomson Reuters, in 2010, 693 transactions were announced, an annual growth of 37,5%. Size of the market jumped to U.SContinue reading “Brazil 2010 M&A hits new record”
Monthly Archives: January 2011
Shanty Life in Brazil: Onward and Upward
The Economist’s review of a long-term study of favela residents in Rio de Janeiro points out the social mobility behind the middle class in emerging markets – as well as the risk from the drug trade. “Still, for a while the occupants of the favelas made the best of it, with the determination of peopleContinue reading “Shanty Life in Brazil: Onward and Upward”
Lula’s Legacy
Brazil’s charismatic (now ex) president Lula has been perceived as a great leader worldwide. Obama called him “the man” and Fidel Castro ” dear comrade”; in Brazil, after 8 years in power, his popularity rate was above 80%, demolishing the theory that being too long in power diminishes public approbation. Nonetheless, time will tell usContinue reading “Lula’s Legacy”
European commission approves Shell – Cosan joint venture | Valor Online
SAO PAULO – The European Commission gave the green light for the creation of a joint venture between Anglo-Dutch Shell and Brazil’s Cosan focused on the production, distribution and sale of sugar, ethanol and related products, according to a statement issued on Tuesday. After examining the operation, the commission concluded that “the transaction will not significantly impedes effective competition in the European Economic Area or a substantial part of it. ” The agency noted that the activities of the joint venture will involve the production,sale and marketing of sugar and ethanol in Brazil and abroad, development and licensing of certain technologies; including ethanol supply, distribution and sale of transportation fuels in Brazil and the production and sale of energy cogeneration facilities of ethanolContinue reading “European commission approves Shell – Cosan joint venture | Valor Online”
Bradesco BBI to Boost Staff as Equity, Debt, M&A Rise – Bloomberg
Banco Bradesco BBI SA, Brazil’s third-largest debt underwriter, plans to increase staff by 20 percent next year as growth in Latin America’s largest economy fuels deals in capital markets and acquisitions. via Bradesco BBI to Boost Staff as Equity, Debt, M&A Rise – Bloomberg.
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