SAO PAULO, July 15 Brazil's largest credit card
processor, Cielo SA, is tightening its belt amid
fierce competition with rivals like PagSeguro Digital Ltd
and StoneCo Ltd to boost profitability and
free up money for new products.
SAO PAULO, July 11 Brazilian power company Light
SA priced its shares at 18.75 reais ($4.99) per share
in a primary and secondary offering that raised 2.5 billion
reais ($665.57 million), the company said in a securities filing
SAO PAULO Brazilian meatpackers BRF SA and Marfrig Global Foods SA said on Thursday that they had mutually agreed to call off negotiations for a possible merger that were going on for a month.
SAO PAULO A Brazilian appeals court judge has allowed bank creditors of Odebrecht SA [ODBESF.UL] to take possession of shares in petrochemical company Braskem SA pledged as collateral for loans they made to the corruption-ensnared conglomerate, according to a document seen by Reuters.
SAO PAULO, July 11 Brazil's largest
private-sector lender Itau Unibanco Holding SA plans
to expand its commercial banking unit into business niches such
as technology and seek smaller clients in agribusiness, an
executive said on Thursday.
(Corrects Reuters Instrument Code in first line of this July 10 story.)
SAO PAULO The sale of state-owned assets is expected to drive M&A transactions and share offerings volume in Brazil in the second half of the year, bankers and investors said, after a slower-than-expected first half.
RIO DE JANEIRO/SAO PAULO Brazil's Petroleo Brasileiro SA is scheduled to hold a final "re-bid" for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.
RIO DE JANEIRO/SAO PAULO, July 5 Brazil's
Petroleo Brasileiro SA is scheduled to hold a final
"re-bid" for two oilfields off the coast of Rio de Janeiro on
July 8, four sources told Reuters this week, after the state-run
oil firm annulled a previous bidding round.
SAO PAULO, July 4 Brazilian digital lender Banco
Inter SA has hired the investment banking units of
JPMorgan Chase & Co, Banco BTG Pactual, Banco Bradesco SA,
Goldman Sachs and Banco Santander Brasil to manage a 1
billion-reais ($263 million) share offering, one source with
knowledge of the matter said.