Bank of Brazil announced this week the purchase of a bank in Miami, USA and signing a joint venture with Portuguese bank Espirito Santo and Brazilian rival Bradesco. The acquisitions are part of the internationalization strategy of Brazil biggest public bank, , which includes Latin America, after the recent purchase of Banco Patagonia. In the US, targeting Brazilian High Net Wealth The institution being acquired in MiamiContinue reading “Banco do Brasil expands in the US and Africa”
Category Archives: Brazil
2011 in person: Dilma Rousseff
The Economist’s 2011 prospective edition covers new Brazilian President, Dilma Rousseff — Like a relay runner receiving the baton yards ahead of her nearest rival, Dilma Rousseff assumes the Brazilian presidency at the head of the strongest government in years, owing much to the person who came before her. Lula da Silva, enjoying stellar popularityContinue reading “2011 in person: Dilma Rousseff”
Brazilian IPOs 2011: What investment bankers are forecasting
Great expectations surround Brazilian IPOs in 2011. After a 10% rise last year, investment bankers are forecasting a more mature and busy year for IPOs in Brazil. We collected two significant points of view from the Brazilian market: ITAU BBA and Banco Pactual. 2010 was 10% up In 2010, 11 Brazilian companies conducted IPOs andContinue reading “Brazilian IPOs 2011: What investment bankers are forecasting”
Iberdrola Agrees To Buy Brazil Elektro For $2.4B
Fresh news from The Wall Street Journal: A Spanish company, Iberdrola, has agreed to but Brazil’s Elektro for $2.4B. Nonetheless, the deal needs regulatory approval, expected to be completed in three to six months. The optimistic writer of this blog hopes that the government will not stop this deal. I expect that this deal will help toContinue reading “Iberdrola Agrees To Buy Brazil Elektro For $2.4B”
BRICs: Trillon Dollar Club
In an excellent piece with a very useful graphic, The Economist contrasts and compares the BRICs according to several categories, pointing out that the four countries are far from homogenous. “The BRICs have also stepped up competition between one another in third countries. Although the flow of aid and investment from rich countries to poorContinue reading “BRICs: Trillon Dollar Club”
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