Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
South/Central America
Caixa Geral sells Portugal Telecom stake for EUR 196 million
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Inbursa in talks to acquire Standard Bank's Brazil unit for USD 59.3 million
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
Brazil sells dollar bonds worth USD 3.2 billion
Brazil sold dollar bonds amounting to USD 3.2 billion set to mature in 2025 and established a new benchmark in international markets.
BTG working on bid for JPMorgan Commodities Unit - source
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
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According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
The consortium comprising of Indian Oil, ONGC Videsh and Oil India, as well as Repsol SA, would not be exercising the right of pre-emption of the vacated shares in the oil project previously owned by Petronas of Malaysia.
Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.
A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.
After purchasing stake from OdontoPrev's CEO Luiz Zanetti, Banco Bradesco took full control of the dental care services firm.
In order to block the bid of Sinochem, OVL and Shell filed notice of purchase on the USD1.543 billion oil block interest from Petrobras.
A source said Vodafone Group Plc was not interested in bidding for Telecom Italia's Tim Participacoes SA.
