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”

Brazilian steelmaker CSN sells stake in Australian coal miner for $830 million

CSN or Companhia Siderurgica Nacional (NYSE: SID) struck a deal to sell its 19.9 percent stake in Australian coal miner Riversdale to mining giant Rio Tinto for $830 million (AUD$780 million), according to its securities filing. CSN, Brazil’s largest diversified steelmaking company, sold 47.29 million shares of Riversdale at a price of AUD16.50 per share.Continue reading “Brazilian steelmaker CSN sells stake in Australian coal miner for $830 million”

Brazilians acquisitions abroad top Multinationals buying in Brazil, says Estadão

The good shape of Brazilian companies turned them into buyers globally. This year, the balance of acquisitions is positive to Brazil.  Favored by a strong currency they are going shopping everywhere in the world. But it is not all. Most important is to notice that the Brazilian entrepreneur have manage to go out of the shell ofContinue reading “Brazilians acquisitions abroad top Multinationals buying in Brazil, says Estadão”

Could Portugal be a gateway to Europe for Brazilian companies?

Jokes apart, Brazil and Portugal have a lot in common. Same language, and a cultural heritage are key elements in construction a business relationship.  Portugal could play a strategic part in the expansion of Brazilian companies, specially in Europe. Portuguese Prime Minister visits Brazil In a recent interview in Sao Paulo, the Portuguese Prime Minister JoseContinue reading “Could Portugal be a gateway to Europe for Brazilian companies?”

Brazil has what China wants…

A money manager in Brazil once said to me, “Brazil has what China wants and is willing to sell it.” How much does this summarize the growth of the commodity sector in Brazil? Condemned to prosperity Nov 12th 2009 From The Economist print edition Brazil has learned to love its commodity sector NOT many countriesContinue reading “Brazil has what China wants…”