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”

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”