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.
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.
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.
SAO PAULO Brazil's state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China's Sinopec, Abu Dhabi's state investor and two Brazilian firms, according to four people with knowledge of the matter.
SAO PAULO Brazilian private equity firm IG4 Capital has agreed to acquire a controlling stake in Peruvian construction conglomerate Grana y Montero SAA , according to a company statement and securities filing on Wednesday.
SAO PAULO This year has already been the biggest in a decade for share offerings from Brazilian companies, but there has been little sign of the foreign investor appetite that fuelled prior rallies, as weak growth and divisive politics keep many on the sidelines.
SAO PAULO SoftBank , whose $5 billion (£3.91 billion) Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.
SAO PAULO Brazilian development bank BNDES has asked banks for proposals to sell a stake worth 5 billion reais ($1.2 billion) in meatpacker JBS SA , sources with knowledge of the matter said.
SAO PAULO A Brazilian mining joint venture between Vale SA and BHP Group Plc , paralyzed after a fatal dam collapse, is soon expected to resume talks to restructure $4 billion in defaulted debt in coming weeks, two sources with knowledge of the matter said.