Issuance of stocks exceeds R$101bn in 2020

The Brazilian capital market is in an atypical year and not because of the pandemic. The volume raised through stock issuance further expanded this month the record reached in October, data from exchange B3 and Anbima, the association of securities firms, show. Capital raising through equities surpassed R$101 billion in 2020, which means it exceeds […]

MGC buys Credigy, becomes 3rd largest in distressed credit in Brazil

MGC Holding, specialized in credit recovery, will become the third largest in the sector in Brazil with the acquisition of Credigy Brasil, distressed credit subsidiary of the National Bank of Canada. Eduardo Martins, partner in the Brazilian group, says that with the acquisition the holding company now has R$40 billion in credit rights and 19 […]

Splenda wins Petrobras bid and takes over Port of Imbetiba

Splenda Port won a bid from oil giant Petrobras and will operate from this month the Port of Imbetiba, in Macaé, an oil-and-gas town in Rio de Janeiro. The contract marks the company’s new move to expand in logistic support to the activities of oil and gas after taking over the concession of the Port […]