Strategy now is to invest in front office solutions 06/06/2022 Even after spending R$420 million on the purchase of NewCon in December and R$79.5 million on Lote45 in January, Sinqia continues to seek new acquisition opportunities to expand the range of software services it offers to financial firms. The focus now, however, is on repositioning […]
Investment in Brazil totals R$7.8bn after new injection 06/02/2022 ArcelorMittal’s Sabará unit — Foto: Divulgação/ArcelorMittal/Nitro Histórias Visuais ArcelorMittal, the steelmaker focused on the automotive and industrial sectors, will expand investments in Brazil by R$144 million, totaling R$7.8 billion. The company has been unveiling new capital injections since early last year. The new investment unveiled Tuesday […]
State-owned oil company highlights recently launched National Fertilizer Plan, growth of agricultural sector as attractions 06/02/2022 Petrobras’s fertilizer plant in Três Lagoas — Foto: Divulgação Petrobras hired Bradesco BBI as the exclusive financial advisor to sell nitrogen fertilizer unit UFN-3, in Três Lagoas, Mato Grosso do Sul. In February, the then-minister of Agriculture, Tereza Cristina, […]
R$1.14bn acquisition was unveiled in October and concluded after approval by antitrust regulator CADE 02/06/2022 Softys, a subsidiary of Chilean group CMPC, took over Carta Fabril, owner of the brands Cotton and Coquetel, on Wednesday and overtook Santher, becoming the leader in the Brazilian market of toilet paper, with a market share close to 30%. […]
Companies will invest more than R$2 billion in two projects with total capacity of 738 MWp 06/02/2022 Adriana Waltrick — Foto: Silvia Zamboni/Valor The Chinese interest in the Brazilian power industry is confirmed with yet another acquisition by Spic Brasil, a subsidiary of the state-owned State Power Investment Corporation of China (Spic), this time in […]
Unemployment rate falls to 10.5% in April, to 11.3m people 06/01/2022 The labor market continued to surprise analysts in April. Even though the projections foresee a worsening in the second half of the year, in line with the deceleration of the wider economy, the better-than-expected numbers have already led some to place a positive bias […]
Official tells Valor measure is about wrongdoings, not deforestation 06/01/2022 Five years after imposing stricter controls on the sales of Brazilian chicken meat, the European Union has signaled that it has no plans in sight to suspend the measure, despite persistent demands from the Brazilian side. In Brazil, the complaint is that the EU’s Directorate […]
Roberto Campos Neto said new bill will improve proposals already in Congress 06/01/2022 Roberto Campos Neto — Foto: Billy Boss/Câmara dos Deputados Central Bank President Roberto Campos Neto highlighted the regulatory challenges regarding crypto-assets and said the monetary authority will regulate brokerages in the segment. “We like the bill [making its way] in the Chamber […]
Kelly Ribeiro — Foto: Divulgação After arriving in Brazil with the purchase of a paper mill in 2020, the European group Klingele Paper & Packaging is investing in cutting-edge technology to grow in the Brazilian market of corrugated boxes, particularly in the segment of premium packaging for fruit. With investments of €3 million, Klingele Embalajes […]
High education companies are going to court to open medical schools, without going through the scrutiny of the More Doctors program law, which defines several requirements. Since last year, 400 places were authorized after injunctions forced the Education Ministry to analyze requests to open these courses without taking part in the federal program. With the […]