Nissan, the French-Japanese car company, will build its first Brazilian assembly plant in the southern city of Curitiba where Renault, its partner, already builds cars. Most of the world’s largest […]
Category: Brazil
Constructing Credit
Demand for technology and power supplies in Latin America is luring banks back to the project finance market. Lenders are still cautious, but prospects in Brazil and Mexico look more favorable.
French Oil Firm Expands Latin Holdings
TotalFinaElf, the French oil group, will pay Transcanada Pipelines about $440 million for its minority stakes in natural gas pipelines in Argentina, Chile and Brazil. The pipelines form an interconnected […]
Home Court Advantage
Led by Central Bank President Armínio Fraga, Brazil has laid the foundation for a broader, more liquid domestic capital market, just as access to world debt markets has become uncertain.
Portuguese Internet Firm Buys Brazilian Bank
PT-Multimedia.com Portugal’s biggest Internet and cable television company, has agreed to buy 31.5% of Brazil’s Banco1.net, an online bank owned by Unibanco for $62.5 million. Banco1.net will be created from […]
Raining on Latin America’s Debt Parade
Global markets are closing their doors to Latin American borrowers, just as the region is recovering from the effects of last year’s Brazilian currency devaluation crisis. In a 14-page report, LatinFinance looks at how sovereign and corporate borrowers in Mexico, Brazil, Colombia adn Argentina are reacting. Some issuers are resorting to their domestic markets. Others plan to ride out the storm.
Siderurgica To Divest From Vale do Rio
Brazil’s biggest steelmaker, Cia. Siderurgica Nacional, took the first step toward untangling the complex web of cross-shareholdings that link some of the country’s biggest companies with its decision to sell […]
Telecom Italia Buys Brazilian Media Group
Italy’s largest telephone company, Telecom Italia, is paying $810 million cash for 30% of the Internet business of Brazil’s Organizações Globo, the largest media group in Latin America. This is […]
Varig Names New President
Varig, Brazil’s main domestic and international airline, appointed Ozires Silva its new president following the ouster of Fernando Pinto in a boardroom power struggle. Silva is a former air force […]
New Man at BNDES
Eleazar de Carvalho has quit a glittering investment banking career to head BNDESPar, the investment arm of the Brazilian government’s development bank BNDES. BNDESPar’s main function is to run the […]
