Exclusive agreement for the acquisition was renewed this week, with expectations that the deal will be finalized by year-end, according to people close to the Brazilian steelmaker 10/31/2024 Benjamin Steinbruch’s Companhia Siderúrgica Nacional (CSN) announced the sale of up to 11% of its mining subsidiary to Japan’s Itochu Corporation, in a deal potentially exceeding R$4.3 […]
10/30/2024 Twenty-six analysts from the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) signed a report recommending the environmental permit denial for Petrobras to drill a well in Block FZA-M-59, located in the Foz do Amazonas Basin on the Equatorial Margin, should be upheld. The team listed technical issues they believe prevent reversing the […]
New guidelines, part of the 2024 regulatory agenda, take effect on July 1, 2025 10/30/2024 The new rules concerning the so-called OPAs—public takeover bids—were issued on Tuesday as part of the Brazilian Securities and Exchange Commission’s (CVM) regulatory agenda for this year. These measures will come into force on July 1, 2025. Public takeover bids, […]