Pátria Investimentos fund closed an agreement to purchase the hydroelectric plants of British company ContourGlobal in Brazil for $313 million, including debt – Pátria will pay $162 million. The assets traded have an installed capacity of 168 megawatts (MW). The deal, expected to be completed in the second quarter, was a first step in ContourGlobal’s […]
As a child, Juliana Coelho liked numbers. For this reason, she decided to study engineering. She chose a specialization in chemistry because she knew that an engineer’s chances of launching a career in the state of Pernambuco were limited to the petrochemical complex. But when she reached the end of her penultimate year of college, […]
The government of Minas Gerais unveils this Friday the public notice of the public-private partnership of the so-called Rodoanel de Belo Horizonte. It is an ambitious project to build from scratch a 100-kilometer beltway around the state’s capital city. The project will require investments of R$5 billion, of which R$3 billion will come from the […]
The companies that tapped the capital markets to issue debt in 2021 taking advantage of the very low Selic rate will see their costs with interest expenses almost double in 2022. This is because, of the R$250 billion of funds raised last year through bond issues, 76% are pegged to the interbank deposit rate (CDI). […]
Democratic activist Elizabeth Bagley was appointed by President Joe Biden on Wednesday as the new U.S. ambassador to Brazil. She still needs approval of the U.S. Senate to take over as head of mission. Currently the owner of a telecommunications company in Arizona, Ms. Bagley specializes in international law and has a long history of […]
The pandemic has not halted the trend of growth in the number of organic food consumers in Brazil. Even with all the logistical and income challenges imposed by Covid-19, more people have started to resort to pesticide-free products in the country, and most of them have either maintained or increased their purchases in the last […]
Close to a pre-IPO private round, fintech Creditas has already started the process for listing on a stock exchange in the U.S. The company estimates in talks a debut valuation between $7 billion and $10 billion, sources say. There is a possibility that the offer will occur at the end of the second quarter – […]
The scenario of uncertainty —rising inflation and interest rates, and facing the majority elections this year — leads real estate developers to adopt a more cautious stance when drawing up their plans for 2022. The famous “guidances”, that is, the goals for the year, gave way to the discourse of most companies that decisions will […]
A relevant factor for the downfall of Ibovespa in the second half of 2021, the water crisis has given clear signs of slowing down, which opens space for a correction in several sectors of the Brazilian stock market that have not yet anticipated the new scenario. The improvement in the water scenario, therefore, supports the […]
Renova Energia, the embattled power generation company under protection from creditors, is trying to get back on its feet with Alto Sertão III, a wind farm about to go online. The 432-megawatt complex, with a capacity to supply 1 million homes, is expected to start commercial operation in the coming days and generate an EBTIDA […]