Cosan, the Brazilian producer of sugar and ethanol, announced it paid R$896.5 million for a 5.7 percent stake in logistics company América Latina Logística (ALL). The sellers are Global Market Investments L.P. (GMI), Riccardo Arduini and Julia Dora Koranyi Arduini. GMI still has ADRs accounting for 2.47% of ALL.
BNDES, the Brazilian development bank, approved the issuance of R$2 billion in debentures by its subsidiary BNDESPar. The R$2 billion sale, slated for April 1, may be increased by as much as 35%. The debentures will pay IPCA inflation plus an undefined margin. The...
Taesa, an energy transmission company, is said to be readying a R$1 billion stock sale. Taesa is controlled by the electricity company Cemig. BTG Pactual and Bank of America Merrill Lynch will lead the operation, the newspaper Valor Econômico quoted an unidentified source as...
Caixa Econômica Federal, a Brazilian state-controlled bank, announced that it lent R$10 billion to the oil and gas industry in 2011. Large companies borrowed R$600 million, while R$371 million...
Scania will invest roughly 45 million euros to enhance distribution and logistics in Brazil. The news site will be located in Campinas to boost distribution in South America by...
Brazilian bank Itaú BBA will borrow $100 million from the Inter-American Development Bank (IDB) to fund projects in renewable and clean energy. “There is a shortage of financing for...
