Kleins plan to sell off 53.8 million common shares worth 2 billion reais through a public offer. The Klein family of Brazil has disclosed its plans to sell off nearly 33% of its capital holdings in Via Varejo SA.
Tags: Brazil
MPE buys non-functional sugar mill
MPE acquired Usina Sapucaia, an ethanol and sugar mill that has not been operating since 2010. (Photo : Reuters)The image is the flag of South America's largest economy, Brazil.
Vale SA preparing for new impositions
Vale SA is preparing for the imposition of new royalties charges for mining in Brazil. (Photo : Reuters)The image is the corporate logo of Vale SA of Brazil.
Petrobras sells African interests to Banco BTG
Petrobras is selling off half of its African operations of Petroleo Brasiliero SA. (Photo : Reuters)The image is the facade of the corporate headquarters of Brazilian oil conglomerate Petrobras.
Emerging markets suffer fierce sell-off
The FTSE Emerging Markets index fell 1.7 % on Tuesday. (Photo : Reuters)The image is the flag of South America's largest economy, Brazil. FTSE declined from its peak last May to more than 10 percent.
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Petronas of Malaysia has purchased a stake in a Brazilian oil field owned by Eike Bautista. Petronas, the state backed Malaysian oil company Petronas has entered into an agreement to pay US$850 million for a stake in an oil field located offshore in Brazil.
Vale SA obtains clearance to leave Rio Colorado mining project. On Friday, a company spokesperson told Reuters that the Vale SA, a global miner, has already inked an agreement with the government of Argentina allowing them to quit from US$6 billion Rio Colorado potash mining project.
Banco do Brasil SA's BB Seguridade Participacoes SA IPO is estimated to be worth of US$4.2 billion.
Biosev SA, to ease concerns about Brazil's equity market, offers a money back guarantee for its IPO.
Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
According to President and COO Gary Cohn, Brazil is the new frontier for growth for Goldman Sachs. In a bid to increase its base of corporate clients in Brazil and neighboring countries, Goldman Sachs President and COO Gary Cohn said that it would respond to increased demand for corporate loans, advisory services and structure financing in the country.
The Gradin family is investing in Brazil's cargo market through MTO Logistica Multimodal SA. MTO Logistica Multimodal SA is putting up 330 million reais or US$163 million into a logistics platform to transport cargo between Brazil's largest cities.
South Africa with its diminutive size has more bang for the buck. Since South Africa's inclusion into the BRIC grouping of major emerging countries, there has been a deafening silence in its ascenscion from the global invesment community.
