Edition:
United Kingdom

Carolina Mandl

Exclusive: U.S. firm GIP, Shell-Cosan venture plan to bid on Brazil refineries- sources

16 Jan 2020

SAO PAULO U.S.-based financial firm Global Infrastructure Partners (GIP) is planning a joint bid with Brazil's fuel distribution company Raízen for refineries put on the block by Petroleo Brasileiro SA , two sources with knowledge of the matter said.

Brazil 2019 equity offering surge could be just the start, bankers say

16 Jan 2020

SAO PAULO Brazilian stock offerings may more than double in value this year from a bumper 2019, with the country's lowest interest rates on record seen fueling optimism and leading more companies to test the markets, bankers say.

Brazilian state lender Caixa picks banks for insurance unit IPO: sources

07 Jan 2020

SAO PAULO Brazilian state lender Caixa Economica Federal has chosen the bank syndicate that will manage the initial public offering (IPO) of its insurance unit, three sources with knowledge of the matter said.

Private equity firm Advent strikes auto parts retail deal in Brazil

17 Dec 2019

SAO PAULO, Dec 17 Private equity firm Advent International Corp said on Tuesday it had bought Brazilian auto parts retailer Rondobras, with 54 stores, its latest such acquisition in Latin America's largest economy.

Sinopec, EIG deliver bid for Petrobras refinery in Minas state: sources

17 Dec 2019

SAO PAULO/RIO DE JANEIRO China's Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, three people with knowledge of the matter said.

Sinopec, EIG deliver bid for Petrobras refinery in Minas state - sources

17 Dec 2019

SAO PAULO/RIO DE JANEIRO, Dec 17 China's Sinopec and U.S.-based EIG Global Energy Partners have delivered non-binding offers to buy Brazilian refinery REGAP from state-run oil firm Petrobras, three people with knowledge of the matter said.

SoftBank more cautious after WeWork - Softbank Latam partner

13 Dec 2019

SAO PAULO SoftBank Group Corp has been more cautious on assessing its investments after myriad governance problems and large losses forced WeWork to shelve IPO plans, Latin America Softbank managing partner Andre Maciel, said on Friday.

Brazil's XP to boost banking unit after IPO; shares pop in U.S. debut

11 Dec 2019

Shares of XP Inc , Brazil's largest digital broker, closed up more than 25% in their Nasdaq debut on Wednesday, and the company said it will use the $1 billion proceeds from the stock offering to boost its banking unit.

Brazil's XP valued at $14.9 billion as it prices Nasdaq listing: sources

11 Dec 2019

SAO PAULO Brazilian financial services platform XP Inc has priced its Nasdaq listing at $27 per class A share, the largest IPO of a Brazilian company this year, and raised $2.25 billion, sources with knowledge of the matter said on Tuesday.

Exclusive: Brazil's Odebrecht in talks to stave off Braskem sale, keep payout - sources

02 Dec 2019

SAO PAULO Creditors of Brazil's Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said.

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