NEWSLETTER JANUARY 2025
MURRAY ADVOGADOS
Entries by Gelcy Bueno
Ambipar raises $400m in green bonds amid softer investor demand
Proceeds will be used for debt refinancing, sustainability projects, and general corporate purposes 01/30/2025 ESG company Ambipar raised $400 million through a debt issuance in international markets, with demand for its green-labeled bonds exceeding twice the issued volume, reaching $850 million. The waste management company priced the eight-year bonds at 10.87%, slightly below the initial […]
Neoenergia negotiates sale of hydroelectric plant in Paraná
Company holds 70% of the business, valued between R$1bn and R$1.2bn; asset attracts major players in the electric sector 01/30/2025 Neoenergia is in advanced talks to sell its 70% stake in the Baixo Iguaçu Hydroelectric Plant in Paraná, Valor learned from four market sources. The asset’s valuation ranges between R$1 billion and R$1.2 billion. Copel […]
Mandatory merger notification to antitrust watchdog could change
Administrative rule likely to update corporate revenue thresholds 01/30/2025 Brazil’s Ministry of Finance and Ministry of Justice and Public Security are expected to update soon the revenue thresholds that require companies to notify the antitrust watchdog named Administrative Council for Economic Defense (CADE) of mergers and acquisitions. Under Brazil’s antitrust legislation, companies are currently required […]
Economic matrix affects carbon footprint of GDP
State Climate Change Yearbook reveals emission levels per million reais produced in each Brazilian state 01/29/2025 The more diversified the economy of Brazilian states and the more it leans towards services and industries, the more stable and lower the carbon intensity of the state’s Gross Domestic Product (GDP) becomes over the years. This is the […]
Strategy for deported individuals aims to avoid confrontation with U.S.
Brazil establishes humanitarian assistance post for deported citizens, seeks working group with Washington 01/29/2025 The Brazilian government has decided to set up a humanitarian assistance post for Brazilians deported from the United States. Additionally, it plans to propose the formation of a working group with the U.S. government to address issues related to deportations. These […]
Foreign investors cut bets against the real by $19.3bn
Long dollar positions against the Brazilian currency in the derivatives market drop to $58.3 billion from $77.6 billion 01/29/2025 Foreign investors have reduced their bets on a stronger dollar against the Brazilian real by $19.3 billion in the derivatives market since the peak of these positions, reached in the first days of the Central Bank’s […]
States ramp up spending, raising concerns over fiscal sustainability
Governors increase current expenditures by 8.7% in their first two years in office, while revenues grow just 2.1% 01/29/2025 Despite efforts to balance budgets throughout 2024, state governors are expected to end the first half of their terms with expenditures rising faster than revenues. From January to October 2024, total current revenues for the 26 […]
Cofco invests R$1.2bn in rail transport for agribusiness
Company to acquire 979 railcars and 23 locomotives to move grains and sugar 01/27/2025 Cofco International, the Chinese agribusiness giant and one of the world’s largest agricultural trading companies, will invest R$1.2 billion in the acquisition of 979 railcars and 23 locomotives to enhance its logistics operations in Brazil. The new fleet will transport grains […]
Service inflation causes much more concern than food inflation
Impact of minimum wage also appears in the broad increase of prices linked to freelancers 01/27/2025 While the government grapples with how to control food prices, economists are increasingly concerned about the rising inflation in services and other “qualitative” measures. These indicators show trends over which the Central Bank’s monetary policy may have more influence. […]