The goal is to secure initial market turnover 11/12/2024 Brazil’s new stock exchange, now named BASE Exchange, has a logo and advanced technology and is actively seeking new partners to ensure an initial trading volume. Mubadala, the controlling shareholder, is supporting BASE in a roadshow across Brazil and the United States, working with Olimpia Partners […]
November 12, 2024 Abu Dhabi’s Mubadala Capital has commenced work on selling Porto Sudeste, a Brazilian private port terminal. The port is co-owned with Singapore-based commodities trader Trafigura. Describing Porto Sudeste as a “mature” asset, Leonardo Yamamoto, executive director of Mubadala Capital Brazil, told Reuters that the company’s role is “no longer very relevant”. Mubadala Capital and Trafigura acquired […]
Post-U.S. election relief fades as currency, interest rates, and stocks remain pressured; Finance Ministry’s fiscal package in spotlight 11/11/2024 The post-U.S. election relief that buoyed Brazilian assets last week has now faded. As the government delays announcing the spending cuts promised by the Ministry of Finance, concerns about fiscal risk continue to mount, compounded by […]
Deals account for 35% of M&A activity this year through October, up from 6% in 2021 11/11/2024 With the Brazilian stock market closed to new listings for over three years, a group of companies is resorting to selling minority stakes to raise funds for expansion. As of October this year, minority transactions accounted for 35% […]
September 14, 2024 Item 1 of 2 Yanomami indigenous people play football at Surucucu village, in Yanomami indigenous land, Roraima state, Brazil August 26 2024. REUTERS/Amanda Perobelli [1/2]Yanomami indigenous people play football at Surucucu village, in Yanomami indigenous land, Roraima state, Brazil August 26 2024. REUTERS/Amanda Perobelli Purchase Licensing Rights, opens new tab SURUCUCU, Brazil, Sept 14 […]
Agriculture and trade minister sees potential to introduce New Zealand tech to Brazilian producers 11/08/2024 Brazil’s diplomatic partner in international agricultural matters, New Zealand, aims to double its agricultural trade with Brazil over the next decade. This goal was outlined by New Zealand’s minister of agriculture and trade, Todd McClay, during his October visit to […]
Blockbuster deal valued at R$2bn; plan aims to double restaurant locations 11/08/2024 Vinci Partners has finalized the purchase of a controlling stake in Bloomin’ Brands’ Brazilian operations. Through its fourth private equity fund, Vinci will hold 67% ownership, while the U.S. company will retain a 33% share. Bloomin’ Brands currently operates nearly 200 restaurants in […]
As conditions worsen, fund managers offload assets and boost cash reserves 11/06/2024 Real estate funds (FIIs) experienced their worst October on record, with the Ifix—the sector’s benchmark index—plummeting by 3.06%. This marks the largest monthly decline since November 2022, leaving share values nearing historic lows last seen in March last year. The analysis, conducted by […]
Deals account for 35% of M&A activity this year through October, up from 6% in 2021 11/06/2024 With the Brazilian stock market closed to new listings for over three years, a group of companies is resorting to selling minority stakes to raise funds for expansion. As of October this year, minority transactions accounted for 35% […]
Concerns rise over Trump’s victory and increase in import tariffs 11/06/2024 Bilateral trade between Brazil and the United States is expected to face potential challenges as Donald Trump returns to power. Experts believe that while specific measures against Brazil are unlikely under a new U.S. administration next year, Mr. Trump’s victory could drive up import […]