Company was part of AGCO’s grains and proteins division, sold to American Industrial Partners for $700m 07/31/2024 Ricardo Marozzin — Foto: Divulgação With a new owner, GSI is set to make waves in the storage and post-harvest systems market in Brazil and other South American countries. The goal is to double in size within five years, based on the […]
Ministry of Health also faced cut of R$4.4bn 07/31/2024 The federal government released the Budget and Financial Programming Decree on Tuesday night (30), detailing a freeze of R$15 billion in expenditures. The document outlines a cut of R$4.5 billion from the new Growth Acceleration Program (PAC), and a limitation of over R$1 billion on parliamentary budget amendments. […]
Second-quarter growth reaches 10.5% over last year, reports RGF Monitor 07/31/2024 Roberta Gonzaga — Foto: Divulgação The number of companies undergoing court-supervised reorganization in Brazil is on the rise, with a record volume anticipated for this year. The increase was 10.5% in the second quarter compared to the same period in 2023, according to the RGF Judicial […]
Third generation of founders of former Camargo Corrêa wants to keep part of CCR shares given as collateral; negotiation depends on Benjamin Steinbruch 07/30/2024 The sale of InterCement is considered crucial for the group to focus on less problematic businesses — Foto: Divulgação The controlling shareholders of Mover, the company formerly known as Camargo Corrêa, are seeking […]
Attractive bargains and restructuring opportunities fuel interest 07/30/2024 Felipe Thut — Foto: Celso Doni/Valor The lackluster performance of the Brazilian stock market, which has significantly reduced the market value of many companies, is expected to spur mergers and acquisitions (M&As) involving listed companies. In search of bargains, firms in need of capital restructuring are becoming prime targets. Consequently, there […]
Internal and external thefts of all kinds have reached highest level since 2019, causing R$11bn in losses 07/30/2024 Estimates show that in 2023, internal and external thefts accounted for 31.7% of losses, the highest level since 2019 — Foto: Hermes de Paula/Agência O Globo In mid-March, the manager of a neighborhood market in Piraí do […]
Company is adding two new bottling lines in the country to start operating in the second half of the year 07/25/2024 Coca-Cola Femsa, the world’s largest bottler by sales volume, told analysts it must open new factories in Brazil and Mexico to meet increasing demand. Currently, the company has “maxed out” its existing factory capacity to handle orders. In […]
New measures for unemployment insurance and pensions for poor elders and disabled people wil be analyzed by lawmakers amid fiscal adjustments 25/07/2024 Marcos Mendes — Foto: Gesival Nogueira/Valor The Lula administration is considering changes to the criteria for granting the Continuous Cash Benefit (BPC, a pension for impoverished elders and disabled people) and altering unemployment insurance rules as part of another […]
Out of about 70 selected portfolios, only 22% surpassed the investment benchmark over two and a half years; in 2022, this figure was 67% 07/24/2024 Luis Stuhlberger — Foto: Gabriel Reis/Valor In the “astral hell” that led to the poorest half-year performance on record for multimarket funds, the Anbima Hedge Fund Index (IHFA) edged up by […]
Following Dasa-Amil and Rede D’Or-Bradesco Seguros mergers, consolidation will now focus on units in cities with over 200,000 inhabitants 24/07/2024 Kora’s Meridional hospital in Espírito Santo — Foto: Divulgação In the wake of recent hospital mergers between Dasa and Amil and Rede D’Or with Bradesco Seguros, the healthcare sector is starting to map out future scenarios and steps. Although the current environment isn’t ideal […]