Brazilian natural gas distributor says the transaction will include a secondary offering by its cash-strapped parent, Cosan
Category: Brazil
Posted inDaily Brief
Petrobras awaits antitrust verdict on Braskem deal
Brazilian state-controlled oil and gas company also rules out investing in debt-laden energy firm Raízen
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Raízen mulls out-of-court debt restructuring
Brazilian sugar and ethanol giant plans talks with creditors after Cosan says it won’t match partner Shell’s proposed capital injection
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GPA hires advisors, gains large investor
Local holding Bonsucex lifts its stake in the Brazilian supermarket chain as it moves to refinance short-term debt
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Citibank appoints new Brazil CEO
André Cury earns a promotion at the Brazilian subsidiary of the US bank, and the CFO of Telefónica’s local arm departs
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Shell commits to fair share of Raízen injection
Anglo-Dutch oil firm expects its local partner to contribute equally, and says Brazil’s government should also lend support
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GPA’s local rating slashed on restructuring risk
Fitch says a debt restructuring by the Brazilian retailer is a possibility, as its access to the capital markets is restricted
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Iguá seeks IDB Invest funds
Brazilian water and sanitation firm requests $200 mln loan to fund investments under its Sergipe concession
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LatAm spared worst as Iran conflict sparks EM selloff
Iran conflict raises the possibility of an oil price shock, but analysts say the risks for LatAm appear to be contained for now
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Investors welcome Bradesco healthcare shakeup
Brazilian financial conglomerate plans to consolidate all its healthcare assets under a single, publicly listed division