Entries by Gelcy Bueno

Aperam invests to upgrade special steel lines

Steel multinational Aperam will invest R$243.6 million in Brazil this year to expand and modernize its production capacity. The investments will be made in the industrial unit in Timoteo, Minas Gerais, with resources from the company’s cash reserves, CEO in Brazil, Frederico Ayres Lima, says. Stainless steel is the flagship product and will receive the […]

Globo to use Google’s cloud, AI technology

Globo and Google closed a seven-year agreement through which the Brazilian group – the largest communications group in Latin America – will use all the resources of Google Cloud, the cloud division of the American tech company. Globo will migrate 100% of its data center to Google’s cloud and will use technologies such as artificial […]

Agrotech Agrosmart goes shopping to expand fast

Startup Agrosmart, specialized in agricultural solutions, bought Argentine BoosterAgro, owner of a leading agrometeorology applications in Latin America. With the agreement, the Brazilian company expands its current base from 4,000 users and 800,000 hectares of land served to 100,000 active users and about 48 million hectares across nine countries. “BoosterAgro is the largest digital agribusiness […]

Raízen starts sugar crop with R$345m in new equipment

Raízen, a joint venture between Cosan and Royal Dutch Shell, spent R$345 million to start the new sugar crop with 509 new pieces of equipment and trucks to serve about one third of its own sugarcane area, which amounts to 350,000 hectares. With new technologies, the company expects to reduce diesel consumption in 2 million […]

Gov’t makes $590.7 mi from auction of 22 airports

In an auction held today (Apr. 7) at São Paulo stock exchange B3, 22 airports were conceded across 12 states, bringing in $590.7 million. The competition was organized by Brazil’s National Civil Aviation Agency in three blocks: North, South, and Central. The Companhia de Participações em Concessões, part of the CCR group, won the South […]

Brazil in 8th place in real-time transactions

The creation of instant payment system Pix by the Central Bank four months ago made Brazil climb one position among the countries that generate the most real-time transactions last year, reaching the eighth place and surpassing the United States. There were 1.3 billion transactions in 2020, a 58% increase over those recorded in 2019, shows […]

PAHO will help Brazil buy drugs for intubation

Brazil’s Health Minister Marcelo Queiroga reported that the Pan American Health Organization (PAHO), a branch of the World Health Organization (WHO), will help the Brazilian government purchase “intubation kits” for COVID-19 patients. It will be possible, the minister said, to replenish regulating stocks “in a way that this daily operation—bringing supplies to states and municipalities—is […]

EB Fiber to close 5 acquisitions

Private equity manager EB Capital – which bought fiber optic providers Sumicity (Rio de Janeiro) and Mob Telecom (Ceará) at the end of 2018 – is expected to announce five more acquisitions from May until the end of June, while analyzing the business of two other providers. With these new acquisitions and operational growth, EB […]

Lawmakers see deforestation as major environmental problem

Brazilian lawmakers see deforestation as the country’s biggest environmental problem, and they don’t believe that environmental protection is a barrier to economic development. These are some findings of a survey with 179 legislators carried out by Congresso em Foco, a website specialized in covering the Congress. The Bolsonaro administration’s environmental and climate policies were rated […]

BTG launches actively managed bitcoin fund

BTG Pactual started testing the interest of Brazilian investors in cryptoactive funds last year, when BTG launched a vehicle to invest in a fund from fintech Hashdex and raised R$400 million with the product. Now, the bank has decided to set up its own crypto-active strategy and is launching the first actively managed local fund […]