The acquisition of Banco Modal by XP Inc. brings to the financial group founded by Guilherme Benchimol R$30.4 billion in assets under custody, 501,400 active clients and a portfolio line of credit of R$606.8 million, data from the third-quarter results show. It may seem little for XP, which was already near R$800 billion under its […]
The American insurance company Prudential has its eye on new companies in Latin America and Brazil. Through PruVen Capital, a venture capital asset manager created in late 2020, it has been evaluating businesses linked to innovation in the areas of insurance, asset management, healthcare, financial services, and technology. With expected investments between $5 million and […]
Commodities are grabbing an increasing share of exports across nationwide. In all regions, products related to agribusiness or the extractive industries ended the year dominating foreign sales. Soybeans have become the champion of shipments in ten states, crude oil or oil products are in the lead in three federative units and iron ore is now […]
Companies are likely to take a wait-and-see approach regarding investment decision-making this year. But some segments, benefited by structural reforms or boosted by international prices, will put their money to work. Basic sanitation, logistics, energy, oil and steelmaking are in the front line, according to company executives and business plans unveiled in documents delivered to […]
The warehouse segment is in for another heated year, with multi-billion investments and high demand for leasing. E-commerce companies, retailers and the pharmaceutical industry are in the front line, and there is a search for areas for storage, exchange and distribution of products from in places as diverse as the city of São Paulo – […]
The consequences of the work-to-rule campaign of federal agricultural inspectors in the production, export and import of agribusiness products and inputs are beginning to impact players in the sector. Leaders report “concern” about delays in the sanitary certification or customs clearance processes, but the impacts are still unknown. Cargoes of agricultural products, some destined for […]
The banks participating in the consortium chosen by Braskem to sell the shares of the Brazilian petrochemical company on the stock exchange are working to conclude the secondary offering by the end of January, three sources familiar with the matter say. The idea is to raise between R$9 billion and R$10 billion by selling the […]
Brazilian infrastructure group Votorantim is expected to end this month, with great relief, the sale of its steelmaker in Colombia, in a deal negotiated in November with two local funds – Trinity Capital S.A.S. and Structure S.A.S. Banca de Inversión. The deal involving Boyacá-based Acerías Paz del Río depends on a public offering of shares […]
Brazilian companies had a prominent role in mergers and acquisitions this year and are likely to be major consolidators in 2022, investment banks told Valor. Dealogic data shows that M&A activity totaled $87.7 billion up to December 20, surpassing by 26% the amount seen in 2020. In volume, 695 deals were closed, up 24% from […]
The number of cases of double infection by Covid-19 and influenza, called Flurona or twindemic by some doctors, tends to increase in Brazil in the coming weeks, researchers warn. Specialists, however, affirm that this is not an unprecedented or unexpected fact — especially because it involves the influenza virus. “There are several viral coinfections that […]