SBM, Camargo Corrêa and Nova Participações were reintegrated to oil company’s base 10/20/2022 Companies that provide services to Petrobras and that were excluded, as of 2014, from the register of suppliers for involvement in cases of corruption investigated by the anti-corruption task force Car Wash are returning to have commercial relations with the oil company, […]
After deals were unveiled, target companies surged 21% on average 10/20/2022 In the last five months, 10 deals caused shares of target companies to rise 21% on average — Foto: Aloisio Mauricio/Agência O Globo At a moment when the international outlook and Brazil’s economic growth numbers limit the recovery of the stock market, strategic investors […]
Analysts with Citi, BTG Pactual and Santander said that the potential deal may be a way to unlock value to shareholders 10/19/2022 Natura & Co unveiled Monday that it began studies for the potential spin-off and IPO of Aesop, the company’s luxury business. The company closed the trading session on Tuesday up 9.62%, at R$14.24 […]
Airline “will be seen differently,” CEO John Rodgerson told Valor 10/19/2022 John Rodgerson — Foto: Divulgação Azul will be able to increase twofold its operations in the Congonhas Airport as of March, which will make it easier for residents of the city of São Paulo, including those working in the financial industry, to start using […]
Two giants are little known by consumers, even though most have possibly already consumed some of their products used as inputs for the food, pharmaceutical and cosmetic industries 10/19/2022 Texas-based Darling Ingredients agreed to buy the Brazilian company Gelnex for $1.2 billion in cash. This is the biggest deal in Brazil’s consumer sector this year, […]
Central Bank’s instant-payment system is the main form of receiving payment for 40% of firms, shows survey 10/19/2022 Pix, the Central Bank’s instant-payment system, has become the main mean of payment accepted by small businesses and has helped small entrepreneurs, according to an unprecedented survey conducted by Sebrae (small-business support service) and the Brazilian Institute […]
Forest Stewardship Council will ease rules for handling of land in the Amazon 10/18/2022 The general assembly of the Forest Stewardship Council (FSC), held in Bali, made a decision that makes the management of so-called “intact forests” viable. The immediate impact for Brazil is that the measure will avoid, in the next two years, the […]
Bank will also extend revolving credit line to the Chinese group’s dealerships 10/18/2022 André Novaes — Foto: Silvia Zamboni/Valor Santander’s Brazilian subsidiary made an agreement with automaker BYD, known for its electric vehicles, and will finance the Chinese group’s cars and dealerships. BYD’s goal is to sell 10,000 units in 2023 and 20,000 in 2024. […]
Company has been fighting legal dispute with partner J&F for control of pulp producer Eldorado 10/18/2022 Paper Excellence has been fighting a legal dispute with partner J&F Investimentos for the control of pulp producer Eldorado — Foto: Divulgação After having called the former president Michel Temer (Brazilian Democratic Movement (MDB) to advise it legally, Paper […]
Data show that there are 1.67 million consumer units of power generated by their own photovoltaic systems 10/18/2022 Silvio Inada — Foto: Silvia Zamboni/Valor In November 2021, when the water scarcity flag weighed on electricity bills and contributed to raising double-digit inflation, shop owner Silvio Inada was experiencing a different situation. Newly installed photovoltaic panels […]