Entries by Gelcy Bueno

Government expects to vaccinate 5m in January

The government plans to vaccinate 5 million people in January across the country, according to an estimate by sources from the Ministry of Health. The calculation takes into account the 2 million doses of the AstraZeneca/Oxford vaccine imported from India, which is expected to arrive in Brazil in the next few days, and 3 million […]

BTG expected to raise R$2bn through share offering

BTG announced that it will make aa offering of 22 million shares. Considering Wednesday’s price – R$91.26 –, the bank would raise R$2 billion. The offering will be primary, which means the company will take the proceeds. There is yet the possibility of an additional lot of 25%, or 5.5 million shares, with restricted placement, […]

Intelbras aims to raise R$1.2bn with IPO

Communication and security equipment producer Intelbras has set the price range for its initial public offering at R$15.25 to R$19.25. Considering the offering’s 72 million shares, the target range’s midpoint could bring in R$1.2 billion. Another 25.2 million shares could be sold depending on investor demand, potentially raising the proceeds to around R$1.7 billion in […]

XP plans growth in post-Itaú Unibanco era

Investment management firm XP expects to double in size when authorized to act as a bank. “We have 3 million active clients, who end up having a relationship with a bank because they need a checking account”, says Guilherme Benchimol, founder and CEO of XP, adding that building a vertical operation able to offer the […]

Drugstore trade group expects accelerating expansion

With nearly 90,000 pharmacies, Brazil is expected to go through another cycle of investments in the industry after 2021. Despite all the present uncertainty over consumer spending, demand remains heated and large stock offerings in 2020 are expected to set the tone for the pace of openings and growth. Trade group Abrafarma projects a net […]

IFC plans to invest $6.4bn in Brazilian water and sewage sector

The International Finance Corporation (IFC), World Bank’s investment arm in the private sector, plans to allocate $6.4 billion to Brazil in fiscal years 2021 to 2023. Water and sewage projects will be the agency’s main focus, in the wake of the regulatory framework approved last year and the pandemic. “It is the priority of the […]

Tech provider Zoop raises R$200m

Zoop, provider of technology for financial services, raised R$200 million through the launch of a FIDC, a type of investment fund widely used in the Brazilian credit market. The money will be used to prepay card receivables from fintech customers. The purpose of the credit rights fund is to complement Zoop’s offer, which acts as […]

Fuel retailing became slightly less concentrated since 2014

A new report from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) points to a wave of diversification in Brazilian fuel retail market between 2014 and 2019. Nevertheless, the market remains highly concentrated in just a few players. Whether smaller companies can gain further share in the next few years remains a big […]

Governments resolving more conflicts in arbitration

Governments and semi-public companies are increasingly choosing to resolve their conflicts in arbitration – an alternative to courts. They accounted for almost 17% of all cases filed in seven of Brazil’s eight main chambers in 2019, the last available data show. Moreover, their participation in arbitration proceedings tripled to 75 between 2018 and 2019, survey […]

Camil has best Ebitda in history

Food processor Camil Alimentos had the largest Ebitda ever in the third quarter of the current fiscal year, ended in November, thanks to price increases, exchange rate fluctuations and cost cutting. The result of R$237 million represents an increase of 72.2% in comparison with the same period of the previous fiscal year. The Ebitda margin […]