Entries by Gelcy Bueno

Cogna eyes education networks after buying Eleva

Brazil’s largest education group Cogna – which has just closed the acquisition of the Eleva teaching system – has another negotiation underway, sources say. It is trying to by education networks COC and Dom Bosco, used by about 250,000 students, from Pearson. Also according to sources, another potential buyer is Arco Educação, which currently shares […]

Braskem to expand production of “green” plastic

Braskem, the largest maker of resins in the Americas, will invest $61 million to expand the production of polyethylene and EVA resin from sugarcane ethanol in Brazil. With the investment, the company will increase to 260,000 tonnes from 200,000 tonnes the production capacity of “green” ethylene, the raw material for the production of biopolymers. “Our […]

InBev raises $10bn in ESG deal

Anheuser-Busch InBev (AB InBev) has signed a $10.1 billion credit line with reduced interest rates if the company meets certain sustainability targets. The deal is one of the largest operations linked to environmental, social, and governance (ESG) criteria to date. It is also the first of its kind among publicly-traded companies in the beverage sector. […]

With R$35bn in projects, forest products sector goes on hiring spree

A new survey by Ibá, an organization that represents producers of pulp and paper and wood floors and panels, shows the sector among those that most generates jobs in Brazil. With planned investments of R$35.5 billion by 2023, the sector has now 4,000 permanent job positions open and around 30,000 temporary ones. In total, the […]

CSN Mineração’s IPO raises R$5.2 bn in favorable market

CSN Mineração raised R$5.2 billion in its debut on stock exchange B3 on Thursday. Analysts say the IPO came at a good time considering iron ore prices in the international market. Pedro Galdi, steel and mining analyst with Mirae Asset, says the shares are likely to follow other mining companies from now on. “Today [Thursday] […]

Warehouse sector will have multimillion investments

Constructors of high standard warehouses are increasing investments in new projects to meet the demand, heated especially by e-commerce. The Brazilian market may add 1.9 million square meters of new warehouses this year, according to the consultancy JLL. Golgi Condomínios Logísticos plans to invest R$800 million. Goodman Brazil Logistic Partnership (GBLP) estimates disbursements of R$540 […]

EDF targets auctions to expand gas-fired generation

The group Électricité de France (EDF) is betting on the energy auctions scheduled for this year to regain position in the Brazilian market. EDF Norte Fluminense, the thermal and hydroelectric generation arm of the French company in Brazil, will try to negotiate two thermoelectric projects in the bids this year. At the same time, the […]

Former director sees Central Bank raising interest rates in May

The slowdown in the recovery of the Brazilian economic activity, as recent indicators show, point to the beginning of the monetary tightening cycle in May, not in March, says Paulo Vieira da Cunha, former director of International Affairs at the Central Bank (BC) from 2006 to 2008. “Given the opening of the output gap after […]

After R$20bn in revenues, Coamo plans expansion

The largest agricultural cooperative in Latin America, Coamo, based in the city of Campo Mourão (450 km away from Paraná’s capital Curitiba), saw its results exceed the best expectations in 2020 and plans to expand its investments in 2021. Coamo ended last year with revenues of R$20 billion, 43% more than in 2019. Net profits […]