The proposal to privatize Petrobras, announced by Mines and Energy Minister Adolfo Sachsida, would not ensure lower fuel prices in Brazil. That’s what Marcus D’Elia, a partner at Leggio Consultoria, and José Luiz Alquéres, advisor of the Brazilian Center for International Relations (Cebri) and former CEO of Eletrobras and Light, said in Tuesday’s live-streamed interview […]
Carlos Antonio Rocca — Foto: Silvia Zamboni/Valor The surge in Brazil’s investment rate between 2016 and 2021, to 19.2% from 15.5% of the GDP, is due entirely to the increase in the private sector’s slice, whose rate rose to 17.5% from 13.6% of the GDP in the period, while public investments shrunk to 1.64% from […]
Vital do Rêgo, a member of the Federal Court of Accounts (TCU) that requested more time to study the Eletrobras privatization trial, will tell the court this Wednesday to halt the analysis of the case until alleged irregularities in the company’s financial statements are corrected. One issue is related to a R$2.7 billion debt that […]
Carlos Marinelli, Denise Santos and Jeane Tsutsui — Foto: Ana Paula Paiva/Valor With an investment of R$678 million, BP (Beneficência Portuguesa), Fleury and Bradesco Seguros (through Atlântica Hospitais, the insurer’s the hospitals and clinics arm) have joined forces to create a company specialized in oncology. The investment, which will be made in the first five […]
Bruno Serra — Foto: Carol Carquejeiro/Valor The speech of the Central Bank’s monetary policy director, Bruno Serra Fernandes, in an event held by Goldman Sachs on Monday morning greatly reduces the chances of Brazil’s benchmark interest rate Selic being raised beyond 13.25% per year. He classified the extension of the cycle of interest rate hikes […]
The acquisition made by CSN Cimentos of the assets of LafargeHolcim in Brazil for more than $1 billion may face questioning in the analysis of the operation by the antitrust regulator CADE, not scheduled yet. It may be postponed to the second half, according to sources consulted by Valor, and may be subject to some […]
Viewed in the past as a niche source, biogas is already starting to find a relevant space in the power mix, either as generation or fuel. A significant step was taken this month with the partnership formed between the Brazilian Association of Piped Gas Distributors (Abegás) and the Brazilian Biogas Association (ABiogás). The two associations […]
Companies that went public last year started talks with financial advisors to seek capital injections or even merge with rivals, sources say. Of the 45 companies that went public in 2021, only nine are traded above the IPO price – the remainder saw stocks fall, and most of it perform well below Brazil’s benchmark stock […]
U.S.-based multinational Alcoa, which has been operating in the Brazilian aluminum industry for almost six decades, is once again positioning itself in the country, with production ranging from bauxite mining to alumina and raw metal. Globally, aluminum has gained new market dynamics, with applications in the electrification of vehicles and other fields, such as electricity […]
Investors in the free power market — a segment in which it is possible to choose your supplier — have increased their participation in new generation projects. This group accounts for 83% of the total 45 gigawatts (GW) of power plants under construction and scheduled to start operating by 2026, according to a survey by […]