Edition:
United Kingdom

Carolina Mandl

Brazil's Cielo cutting costs to face fiercely competitive market

15 Jul 2019

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.

UPDATE 2-Brazil power firm Light confirms price offering at 18.75 reais per share

12 Jul 2019

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 on Friday.

Brazil meatpackers BRF, Marfrig call off talks on proposed tie-up

12 Jul 2019

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.

Brazil appeals court judge lets Odebrecht creditors seize Braskem shares

11 Jul 2019

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.

Brazil's Itaú Unibanco looks for new niches to expand wholesale unit

11 Jul 2019

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.

Japan's SoftBank makes bet to challenge Brazil's concentrated banking sector

11 Jul 2019

(Corrects Reuters Instrument Code in first line of this July 10 story.)

Privatization to dominate capital markets, M&A in Brazil this year

10 Jul 2019

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.

Petrobras reschedules oilfield bid; Seacrest, Perenco among interested parties: sources

05 Jul 2019

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.

Petrobras reschedules oilfield bid; Seacrest, Perenco among interested parties: sources

05 Jul 2019

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.

UPDATE 1-Shares in Brazil's Banco Inter soar as bank prepares share offering

04 Jul 2019

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.

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