The Brazilian Development Bank (BNDES) pocketed almost R$1.9 billion on Wednesday with the sale of another slice of its shares in JBS. In a block trade coordinated by BTG Pactual, the state-owned bank disposed of 50 million shares. Since December, BNDESPar, the bank’s equity arm, has raised more than R$4.5 billion with the sale of […]
State governments investments grew in 2021 at vigorous rates not only compared to 2020 but also to 2017, the year before last of the Michel Temer administration’s term. Investments in the 26 states and the Federal District Brasília last year totaled R$75.9 billion, with a real increase of 83.6% compared to the previous year. In […]
Next Gen Foods, a plant-based chicken startup founded by former BRF executive Andre Menezes and Timo Recker, has just written a new chapter in the global foodtech industry. Just over six months after celebrating the biggest seed of a plant-based startup, when it raised $30 million, the owner of the Tindle brand broke barriers again. […]
Just over a month after Uber announced it will operate in the Brazilian food delivery market only until March 7, delivery company Rappi filed a new petition with the Administrative Council for Economic Defense (Cade), Brazil’s antitrust regulator, defending the termination of all exclusivity contracts held by iFood with restaurants and bars. In the document, […]
French company Veolia and Brazilian Braskem, the largest producer of thermoplastic resins in the Americas, will invest R$400 million in the generation of thermal power from a renewable source in the Northeastern state of Alagoas. By signing a 20-year contract, the petrochemical company has ensured the supply of steam produced with eucalyptus biomass for the […]
The Federal Court of Accounts (TCU), a public spending watchdog, approved Tuesday the first phase of the technical studies for the privatization of Eletrobras. The trial ended with six votes in favor of approval and only one against. The approved values will now be used to help define the share price that will be considered […]
Increasingly pressured by electricity costs, companies, large power consumers and even municipalities are betting on more efficient systems, more modern equipment and even their own power generation to remain competitive. Enel Brasil invested almost R$89 million in 2021 in several projects that are part of its power efficiency program with concrete results. Liasa, an intensive […]
The joint bidding of Santos Dumont and Galeão airports in the second half of next year is positive not only for Rio de Janeiro state, but for the civil aviation system in Brazil as well. There is enough time to design a model for the auction of both assets in 2023. This is the view […]
The transition to cleaner energy sources to reduce carbon emissions and limit the impacts of climate change puts more pressure on highly polluting coal-fired power plants. Despite the commitment made by 21 countries since the Paris Agreement in 2015 to gradually eliminate the use of this energy source by 2030, there are actions that go […]
There is a movement organized by the main Brazilian retailers that is likely to lead to a series of actions against online marketplaces that, in their view, sell counterfeit items and or without the proper collection of taxes. The focus is on foreign companies that bring products from Asia, through cross-border online commerce, or across […]