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Our takeaway from the latest economic reports on Brazil

Brazilian economy; still a strong momentum. Brazilian economy should expand by at least 6.5% in 2010. This strong momentum partly stems from fiscal stimuli that slosh through the economy and propel demand. The expected growth in corporate earnings in 2010 supports the attractiveness of investments in Brazil. Government spending, not so great. The public sectorContinue reading “Our takeaway from the latest economic reports on Brazil”

First Reserve Corporation invests $ 500 million in Barra Energia, in Brazil

First Reserve Corporation, an energy industry-focused private equity and infrastructure firm, has backed Brazilian exploration and production company Barra Energia Petróleo e Gás with a $500m investment. First Reserve is an independently owned firm since 1983. The firm has developed a global platform, having invested approximately $12.5 billion in equity. First Reserve has adopted theContinue reading “First Reserve Corporation invests $ 500 million in Barra Energia, in Brazil”

Investors from Abu Dhabi exploring business in Brazil

HSBC is organizing an investment mission to Brazil by a group of 20 high-profile investors from Abu Dhabi, in near future, to assess the investment opportunities available in the areas of mining, agriculture, food commodities and other sectors. Gerardo Mato, the Chief Executive Officer of Global Banking Latin American, HSBC is the banker behind thisContinue reading “Investors from Abu Dhabi exploring business in Brazil”

Private equity fund invests in grain terminal in Santos, Sao Paulo

Investment in Brazilian infrastructure is attractive for private equity investors. With the domestic economy growing, ports become a strategic part in the trade equation. Darby Overseas Investments, Ltd. (“Darby”), the private equity arm of Franklin Templeton Investments, announced that the Brazil Mezzanine Infrastructure Fund (“BMIF”), managed by Darby’s joint venture with the Stratus Group, has investedContinue reading “Private equity fund invests in grain terminal in Santos, Sao Paulo”

Petrobras expands European connections

Petrobras made two partnership announcements in the past 3 days, in Portugal with Galp Energia and in Brazil, with French Tereos International. The Brazilian petroleum company will partner with Galp Energia to produce biodiesel (green-diesel) in Portugal. Production in that country should be around 250 000 tonnes / year, by 2015. At the same time,Continue reading “Petrobras expands European connections”