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 […]
Petrobras intends to enable the production of up to 20 billion barrels of oil equivalent in the main fields operated by the company by 2030, through a program aimed at increasing the recovery factor of the deposits. Named RES20, the effort was created by the company with a focus on incorporating new reserves into assets […]
Substantial growth in renewable energy generation in Brazil’s North and Northeast, mainly from solar and wind sources, may create bottlenecks in the flow of energy to other regions. The mismatch between the new generation and transmission projects going online reveals how outlining plans for the electricity sector is increasingly complex amid the energy transition drive […]