South Africa’s AECI is looking to spend up to 1 billion rand ($148 million) on acquisitions of chemical companies in Brazil. AECI is a maker of industrials chemicals and explosives for the mining and manufacturing sectors. The Group has completed a 2 billion rand strategic capital investment programme to enhance its future growth in theseContinue reading “South Africa’s AECI announces investment plan in Brazil”
Tag Archives: mining
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”
Brazilian banks mergers: BTG Pactual partners with SMBC and Itau buys stake in Carrefour Bank
In the past days, Brazilian banks mergers hit the news. First, it was Banco do Brasil, acting according to its internationalization strategy, just acquired another bank in Argentina. Now, BTG Pactual, an independent investment bank in Brazil, signed a memorandum of understanding with Sumitomo Mitsui Banking Corporation (SMBC) to work together in Brazilian-related business activities and Itau-UnibancoContinue reading “Brazilian banks mergers: BTG Pactual partners with SMBC and Itau buys stake in Carrefour Bank”
Lula in Guinea Conakry to support Vale
Lula was in Conakry, capital of Guinea last Tuesday (22/02/2011). The charismatic and prestigious ex- Brazilian president came for a ceremony about the beginning of the works of Vale in Guinea. Vale, the largest Brazilian company and the largest exporter of iron ore in the world, is launching a project of 5 Billion Dollars inContinue reading “Lula in Guinea Conakry to support Vale”
Rio to host international investment event next month
Exploring business opportunities in Brazil is a good excuse to go to Rio next month for the Rio Investment 2011. Investors from all over the world are expected in Rio from March 22-24 for Rio Investment 2011. A meeting place for companies and investors wanting to learn more about opportunities related with upcoming major events suchContinue reading “Rio to host international investment event next month”
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