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United Kingdom

Carolina Mandl

Pulp friction: Paper Excellence, Brazil's J&F joust over scuppered deal

21 Sep 2018

SAO PAULO Netherlands-based Paper Excellence will argue in arbitration over its attempted takeover of Brazil's Eldorado Brasil Celulose SA that surging pulp prices played a big part in Eldorado's owners canceling the deal, according to documents seen by Reuters and two people with knowledge of the matter.

UPDATE 1-Brazil’s Cielo to sell mobile payment device in deal with telecoms

18 Sep 2018

SAO PAULO, Sept 18 Brazil's largest payment processor, Cielo SA, will partner with wireless carriers Claro and TIM Participacoes SA to sell a new mobile phone that also functions as credit and debit card reader, a company executive said on Tuesday.

Brazil's BTG Pactual may keep Petrobras Africa stake -source

14 Sep 2018

SAO PAULO, Sept 14 Brazil's largest independent investment bank Banco BTG Pactual SA may keep its stake in Petrobras Oil and Gas BV (Petrobras Africa) to avoid having to book a loss in a potential sale, one source with knowledge of the matter said on Friday.

Brazil IT firm Tivit resumes IPO plans: sources

13 Sep 2018

SAO PAULO Brazilian information technology provider Tivit Terceirização de Processos, Serviços e Tecnologia SA has hired banks to resume plans for an initial public offering, two sources with knowledge of the matter told Reuters on Thursday.

UPDATE 1-Brazil's Itaú Unibanco CEO says central bank was strict on XP deal

12 Sep 2018

SAO PAULO, Sept 12 The chief executive officer of Itaú Unibanco Holding SA said on Wednesday he does not think the central bank will block the bank from adding to its stake in financial services firm XP Investimentos if it does not seek to take a controlling position.

Sale of Brazilian dam Belo Monte not likely in the short term- Petros

11 Sep 2018

FLORIANOPOLIS, Brazil, Sept 11 Brazil's Belo Monte hydroelectric dam does not require new capital expenditures and will soon report stable cash flow and pay dividends to shareholders, a director at pension fund Petros said on Tuesday, adding that shareholders are unlikely to sell it in the short term.

Brazil fund Previ needs more details to decide on Embraer-Boeing deal: CIO

11 Sep 2018

FLORIANOPOLIS The chief investment officer of Brazilian pension fund Previ said on Tuesday the fund needed more details to approve a proposed deal between Embraer SA and Boeing Co. .

UPDATE 1-Brazil's Invepar should restructure, avoid quick sale-Previ

10 Sep 2018

FLORIANOPOLIS, Brazil, Sept 10 Brazilian infrastructure operator Invepar should focus on refinancing its substantial debt load instead of pursuing an immediate sale, the chief executive of pension fund Previ, one of Invepar's key investors, said on Monday.

Brazil's Itaú bets on online-only strategy to grow in Argentina

29 Aug 2018

SAO PAULO, Aug 29 Brazil's Itaú Unibanco Holding SA is considering launching online-only bank accounts in Argentina, an executive told Reuters, as it looks for ways to grow in a country where distrust of banks is high and many do not own accounts.

PayPal partners with Brazilian bank Itaú Unibanco

29 Aug 2018

SAO PAULO Digital payments company PayPal Holdings Inc on Wednesday announced a partnership with Brazil's biggest private lender Itaú Unibanco Holding SA to offer its services to the bank's card clients.

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