Wilson Sons, CLI, Porto Sudeste, Santos Brasil among possible assets for sale 26/08/2024 Ports in Brazil, such as Santos, have a strong correlation with agribusiness and the oil and gas sector — Foto: Divulgação The Brazilian port sector is heading towards a new wave of mergers and acquisitions (M&A), as the interest of foreign investors […]
Announcement of X’s exit is reviving discussion on regulation in Brazil’s top court 08/21/2024 The announcement of platform X’s exit from Brazil is expected to bring the Internet Civil Framework back to debate in the Federal Supreme Court, Valor has learned. There was already an expectation among the court’s judges to address the matter this […]
Low prices drive growers to abandon rubber; in São Paulo, the leading producer, sugar cane encroaches on rubber lands 08/21/2024 Imports of cargo and passenger tires in Brazil surged by 117%, from 16.9 million to 36.8 million units between 2017 and 2023. This steep increase has sparked a crisis in the domestic tire industry, exerting […]
Ibama estimates Petrobras drilling permit decision by year-end 08/21/2024 Marina Silva — Foto: Brenno Carvalho/Agência O Globo Brazil’s environmental protection agency IBAMA anticipates a decision on the environmental permit for Petrobras to drill an oil well in the basin at the mouth of the Amazonas River in Amapá by the end of the year. The […]
Legal disputes become a profitable asset for companies, attracting specializing firms 08/15/2024 João Mendes — Foto: Rogerio Vieira/Valor Brazilian companies are now exploring their legal contingent assets in search of alternatives to raise funds at a time of restricted access to capital, high interest rates, and more selective investors. By carefully examining their numbers in search of “assets hidden […]
Justice Flávio Dino freezes payments until lawmakers create rules for traceability, efficiency 08/15/2024 Flávio Dino — Foto: Antonio Augusto/STF Justice Flávio Dino of Brazil’s Supreme Court ordered the suspension of all mandatory parliamentary budget allocations until Congress establishes new guidelines to ensure transparency, traceability, and efficiency in the disbursement of these funds. Exceptions are made only for […]
Company seeks partner for energy business, plans to divest assets to reduce leverage ratio 08/14/2024 Benjamin Steinbruch — Foto: Rogerio Vieira/Valor CSN, the Brazilian steelmaker that holds a 12.9% stake in Usiminas, reiterated on Tuesday (13) that it will comply with the determination of the Administrative Council for Economic Defense (CADE), and more recently from the courts, […]
Despite three years without IPOs in Brazil, fixed-income securities sustain market activity 08/14/2024 Cristiano Guimarães — Foto: Gabriel Reis/Valor With the equities market stalling and many mergers and acquisitions (M&As) operations on pause, the revenue of investment banks operating in Brazil has dipped to the lowest level in at least seven years. So far this year, revenues from […]
Professionals anticipate COPOM will actualize monetary tightening following communication adjustments 08/13/2024 Genoa’s André Raduan, Itaú Asset’s Bruno Serra Fernandes, and Verde’s Luiz Parreiras — Foto: Divulgação Central Bank’s Monetary Policy Committee (COPOM) is anticipated to consider an increase in the Selic, the policy interest rate, during its next session. Leading asset managers, including André Raduan from Genoa Capital, […]
Motion received 308 favorable votes; final decision expected this Tuesday 08/13/2024 Alexandre Padilha — Foto: Cristiano Mariz/Agência O Globo Brazil’s Lower House of Congress approved on Monday the urgency motion with 308 votes in favor and 142 against to expedite the processing of the bill that establishes the rules for the operation of the management […]