Brazilian biggest companies in the Forbes list

Forbes list of the world’s biggest companies uses an equal weighting of sales, profits, assets and market value to rank companies according to size. 33 Brazilian companies are in the ranking. Energy makes number one among them with Petrobras (oil, gas and ethanol). Another interesting highlight is the leading presence of banks: Itau (and Itausa, itsContinue reading “Brazilian biggest companies in the Forbes list”

Energy integration in South America, Cemig is ready

Cemig is ready to grow in South America in coming years, especially,  in Chile, Peru and Colombia.  The company intends to focus in distribution and transmission of electric energy. “This is a new stage. We believe in the long run there will be an energy integration in South America. This will require large investments and weContinue reading “Energy integration in South America, Cemig is ready”

Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America

Traditionally, investors  turn to utilities when times get tough. Botton line is: a lot of  M&A activity going on. What is cheap today?  On  the report “The Playbook for Latam Equity Strategy” dated April 26th,  Deutsch Bank argues  that “.. the discount evaporates after adjusting for sector multiples. ” DB thinks that the only LatinContinue reading “Utilities M&A: Chinese biding Brazilian plants and CEMIG thinking of acquiring in Latin America”