State-owned oil company Petroleos del Peru SA (Petroperu) is reviving plans to sell as much as 49% of its shares,according to Energy and Mines Minister Jorge Merino.
South/Central America
EchoStar ends talks with GVT on Brazilian TV joint venture
US-based EchoStar Corp. said it had ended talks with Vivendi SA's subsidiary Global Village Telecom on a proposed partnership in Brazil. The joint venture aims to provide pay TV services in the Latin American country.
Klein family finds exit on Via Varejo's $1.2 billion stock sale
After a disagreement on the valuation of the home retailer they founded, the Klein family was able to find an exit on Via Varejo after its $1.2 billion stock sale, Bloomberg reported.
Wellard shipping assets attract strong interest from Brazil and Saudi
Fremantle-based livestock export giant Wellard Group’s shipping and land division have attracted strong interests from wealthy investors in Saudi Arabia and Brazil, according to industry insiders.
LifeLock purchases Lemon in $42.6 M deal, launches new Lemon-based Wallet
A joint announcement today revealed that digital wallet platform Lemon will be merging with Identity theft protection service LifeLock in a $42.6 million transaction, which also resulted to a modified digital wallet service platform.
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Brazil-based car parts supplier Autometal is looking for acquisition deals with midsize competitors as global car manufacturers are planning production in the South American country.
Together with international asset chaser Martin Kenney, New York-based hedge fund Platinum Partners is planning to invest in the recovery of Brazilian fraud claims, a report from the Financial Times said.
A study featured on Forbes revealed that the US still leads around the world in providing entrepreneurs with access to venture capital funding.
The rally of Corpbanca's high-grade bonds in the merging markets indicated investors' demand for the Chilean bank to find a buyer soon. Corpbanca is run by Chilean billionaire Alvaro Saieh.
Russia's No. 2 oil producer Lukoil is looking to put up for sale its 20% stake in a Russian consortium developing a large oil project in Venezuela. Lukoil is in talks with international players after Rosneft offered a price lower than what Lukoil had asked.
Vale SA, the world's largest iron-ore producer is considering to sell its holdings in its coal and fertilizer divisions. The Brazilian mining giant is also looking to sell its stake in a steel-slab plant constructed with Germany's ThyssenKrupp AG.
Multinational conglomerate General Electric Co. intends to proceed with its project to construct a manufacturing site near a port in Rio de Janeiro. The port is being built by LLX Logistica, which was formerly run by Brazilian petroleum titan Eike Batista.
Telecom Italia's activist investor Marco Fossati campaigned against the enforced sale of TIM Brasil. Brazil's competition regulatory body ruled earlier this week that Telecom Italia must divest its stake in the Brazilian mobile carrier.
US-based cloud storage firm Box confirmed it closed USD100 million in fresh capital to catalyze its global expansion as it sealed commercial transactions with Japanese firms.
