Category: Brazil

After a year of losses and liquidity problems for Brazil’s major airlines, it’s unlikely they will all survive an overcrowded market and a shortage of passengers.

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 […]

Barclays of the UK closed a $500 million letter of credit-backed commercial paper program for Petrobras, the Brazilian state-owned oil company. The loan refinances two loans the quasi-sovereign took out […]

Praxair, the leading industrial gas supplier, successfully took its listed Brazilian subsidiary, White Martins, private in May in a tender offer to shareholders that raised the US group’s stake in […]

Brazil’s GP Investimentos, Chase Capital Partners and Morgan Stanley Dean Witter Private Equity are among the backers of a $31 million financing round for Viajo.com, a Spanish- and Portuguese-language travel […]

Brazil reopened its February sale of 30-year bonds in March, selling $600 million above the original $1 billion auction. The sovereign will use the proceeds to retire expensive Brady bonds. […]

After a bitter battle by a rival brewery, antitrust regulators in Brazil have cleared the way for the takeover by Cia. Cervejaria Brahma of its biggest competitor, Cia. Antartica Paulista. […]

BCP, the upstart Brazilian cellular provider owned by BellSouth and Safra, has closed a $1.77 billion deal to refinance existing debt that expired in March. ABN AMRO, Bank of America, […]

In a likely prelude to its attempt to gain majority control of Brazil’s Light Servicos de Eletricidade, Electricite de France has spent $290 million to raise its stake in the […]