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Gabriela Mello

Brazilian court okays Renova Energia's filing for bankruptcy protection

17 Oct 2019

SAO PAULO A Brazilian court has accepted a bankruptcy protection request filed by renewable energy firm Renova Energia SA , nominating KPMG Corporate Finance as the court administrator, the company said in a securities filing late Wednesday.

Brazil's GPA posts 9.5% rise in third-quarter gross sales led by Assai wholesale unit

16 Oct 2019

SAO PAULO Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday reported its total gross sales grew 9.5% to 14.57 billion reais ($3.49 billion) in the third quarter as double-digit growth in wholesale unit Assai compensated for flat performance in its other segments.

Brazil's Renova Energia files for bankruptcy protection to restructure $742 million debt

16 Oct 2019

SAO PAULO Brazilian renewable energy firm Renova Energia SA has filed for bankruptcy protection, aiming to restructure a total debt of around 3.1 billion reais ($741.70 million), it said in a securities filing on Wednesday.

Renova Energia CFO out after Light divestiture, failure to sell Brazil wind farms

14 Oct 2019

SAO PAULO The CFO of Brazilian renewable energy firm Renova Energia SA resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects.

Vale third-quarter iron ore output falls 17.4% year-on-year following Brazil dam break

14 Oct 2019

SAO PAULO Brazil's Vale SA said on Monday its third-quarter iron ore production was up from the previous quarter but still down 17.4% from a year ago, as the miner slowly began to resume production at mines that were shut down following a deadly dam burst in January.

Carrefour Brasil signs deal with family-owned Super Nosso supermarket chain

10 Oct 2019

SAO PAULO Food retailer Carrefour Brasil is handing over the management of its 17 supermarkets in the southeastern state of Minas Gerais to a family-owned chain, in a deal that aims to address the peculiarities of regional markets in a vast country.

UPDATE 2-Brazil's Kroton creates holding co in broad reshuffle of business -CEO

08 Oct 2019

SAO PAULO, Oct 7 Brazilian education provider Kroton SA is creating a new holding entity that will oversee four different companies focused on higher education as well as primary and secondary schooling, as part of a broad organizational reshuffle.

Amazon.com brings Alexa to Brazil, kicks off pre-orders for devices

03 Oct 2019

SAO PAULO Amazon.com Inc will launch its virtual assistant Alexa in Brazil starting this month, with plans for three different devices with the software installed, as it rapidly expands operations in Latin America's largest economy.

Brazil telecom carrier Oi may consider selling mobile operation: executive

02 Oct 2019

SAO PAULO Brazilian telecom carrier Oi SA may consider selling its mobile operation if it gets attractive offers, Chief Operating Officer Rodrigo Abreu told Reuters on Wednesday, following reports of interest from its largest rivals.

Brazil telecom carrier Oi may consider selling mobile operation -executive

02 Oct 2019

SAO PAULO, Oct 2 Brazilian telecom carrier Oi SA may consider selling its mobile operation if it gets attractive offers, Chief Operating Officer Rodrigo Abreu told Reuters on Wednesday, following reports of interest from its largest rivals.

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