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”
Tag Archives: M&A
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.
How currencies will affect M&A in coming years?
Recent article in the Wall Street Journal says that stronger regional currencies may drive cross-boarder M&A deals. Emerging countries will play a key role as buyers. Some Brazilian companies as Gerdau, Vale and JBS are already recognized consolidators in their industries. But this trend is just arising and many other companies should follow their stepsContinue reading “How currencies will affect M&A in coming years?”
Global M&A Market Set to Grow in 2011, Goldman’s Dibelius Says – Bloomberg
The global market for mergers and acquisitions may have “relatively strong” growth next year as corporate earnings recover, Goldman Sachs Group Inc.’s German head said. “We expect the global M&A transactions volume to grow 10 percent to 15 percent in the mid-term,” Alexander Dibelius, Goldman Sachs’s head of operations in Germany and Austria as well as RussiaContinue reading “Global M&A Market Set to Grow in 2011, Goldman’s Dibelius Says – Bloomberg”
QE2 Boosts Cross-Border M&A Deals | Global Finance
Brazil in evidence among cross borders deals in October. In other cross-border M&A deals announced in October, China Petroleum & Chemical (Sinopec) agreed to pay $7.1 billion to acquire a 40% stake in Repsol YPF Brasil, and the Qatar Investment Authority acquired $2.7 billion of bonds convertible into a 5% stake in Banco Santander Brasil.Continue reading “QE2 Boosts Cross-Border M&A Deals | Global Finance”
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