Edition:
United Kingdom

Carolina Mandl

Foreign-backed consortium in talks for Petrobras gas fields in Brazil, sources say

08 Oct 2020

RIO DE JANEIRO/SAO PAULO A consortium of Brazil's 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil's Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

RPT-Brazil store chain's bid to recruit Black trainees sparks bias charge

07 Oct 2020

SAO PAULO, Oct 6 An attempt by one of Brazil's largest retailers to target racial disparities in its management ranks sparked a backlash by the country's federal public defender's office, which accused Magazine Luiza SA of discrimination.

Brazil store chain's bid to recruit Black trainees sparks bias charge

06 Oct 2020

SAO PAULO An attempt by one of Brazil's largest retailers to target racial disparities in its management ranks sparked a backlash by the country's federal public defender's office, which accused Magazine Luiza SA of discrimination.

Exclusive: Warburg Pincus, Gavea ready IPO of Brazil facilities company GPS - sources

05 Oct 2020

SAO PAULO Private equity firms Warburg Pincus [WP.UL] and Gavea Investimentos are planning an initial public offering by Grupo GPS, a Brazilian facilities services provider in which they are key stakeholders, two sources familiar with the matter said.

Why Brazil's massive IPO pipeline is giving investors indigestion

01 Oct 2020

SAO PAULO What was shaping up as Brazil's best year for initial public offerings in more than a decade is now on the rocks, as many companies shelve their plans amid concerns on the country's fiscal discipline and a surfeit of new equity supply.

UBS, Banco do Brasil joint venture ready to start operations

01 Oct 2020

SAO PAULO An investment banking joint venture between UBS Group AG and state-controlled lender Banco do Brasil is ready to start operations, the Brazilian bank said in a statement on Wednesday.

Advent raises $2 billion fund for Latin American company bets

29 Sep 2020

SAO PAULO U.S. private equity firm Advent International has raised a $2 billion fund to invest in Latin American companies, it said on Tuesday, its seventh focused on the region, hoping to target assets made cheaper by depreciation in local currencies.

UPDATE 2-Localiza, Brazil's largest car buyer, plans takeover of rival Unidas

23 Sep 2020

SAO PAULO, Sept 23 Brazilian rent-a-car company Localiza has agreed to take over rival Unidas for roughly 12 billion reais ($2.18 billion), the companies said on Wednesday, creating a major player that could account for more than 10% of all cars sold in Brazil.

Global banks left on the sidelines in Brazil's IPO boom

14 Sep 2020

SAO PAULO The days of marquee global investment banks being shoo-ins for stock market listings could be coming to an end, in Brazil at least.

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