Noble Group has entered into agreements to acquire Catanduva and Potirendaba sugar mills in Sao Paulo, Brazil for US$950 million. The acquisitions will propel the Group into the top tier of sugar cane milling companies globally, taking the combined annual potential crushing sugar cane capacity that Noble will control to 17.5 million tonnes.
DirecTV Group Inc. (DTV) announced it had acquired an additional 18.9 per cent stake in SKY Brasil from Globo Comunicacao E Participacoes SA. The investment for the stake was for a consideration of $604.8 million. DirecTV undertook the investment as part of a drive to expand in the U.S. and Latin America.
The Italian auto group Fiat said Tuesday it would invest 1.3 billion Euros (1.7 billion dollars) to build a new plant in the state of Pernambuco in northeast Brazil. The investment is part of the company's 2011-2014 strategic plan that calls for expenditure of a total of 4.4 billion Euros in Brazil, where it says it has been the country's leading auto maker for the last nine years.
Eurofarma Laboratorios Ltda acquired the entire share capital of Segmenta Farmaceutica Ltda (Segmenta), a Sao Paulo-based manufacturer of pharmaceuticals. Terms of the investment were however not disclosed. On completion, Segmenta will be renamed Eurofarma Segmenta.
Brazilian state-run energy giant Petroleo Brasileiro SA (Petrobras) is to acquire balance 30% stake in local refinery Refap from Repsol YPF SA for US$850 million. Repsol had acquired 30% in 2001 from Petrobas in an asset exchange between the companies. With this acquisition, Petrobras once again holds 100% interest in Refap.
Brazil Hospitality Group (BHG S.A.) reported Tuesday the acquisition of two hotels in Belem, capital of the state of Para. The move adds another 190 rooms to its network and consolidates the company's position as the third largest hotel group in the country. Through these acquisitions, BHG has now planted its flag in the north and has a presence in all of Brazil's regions.
Stefanini IT Solutions Monday announced the successful completion of the $8.35 per share cash tender offer for all outstanding shares of TechTeam Global, Inc. The offer was made by Stefanini International Holdings Ltd and its acquisition subsidiary.
Chinese iron ore and real estate business Prosperity Minerals Holdings Limited announced a joint venture in relation to iron ore mining rights in Brazil. The Chinese firm has gone into a conditional agreement to acquire a 70 per cent interest in investment holding company Lead Hero for US$20 million.
Lead Hero will acquire a 50 per cent interest in UGL, a joint venture vehicle with Globest and its owner Li Ping, which will own about 602.3 sq km of exploration rights and 3.01 sq km of mining concession in the State of Ceará.
Corn Products International announced Thursday it is planning investments in its Brazilian business to bolster its operations in the country, Latin America’s biggest economy. Corn Products International is a leading provider of ingredient solutions to diversified industries. Its announcement reiterated the firm’s plans to invest between $75 million and $100 million over the next several years to support the growth of its Brazilian business.
Coffey Mining, a subsidiary of Coffey International Limited subsidiary is to set up an R&D center in Brazil in conjunction with the state of Minas Gerais. Coffey Mining said it is working in partnership with the Minas Gerais state government in Brazil to develop a research and development centre, specializing in geo-technologies and advanced visualization using virtual reality.
Swiss firm Partners Group reported it had concluded its acquisition of Brazilian watchmaker Technos da Amazônia Ind. e Com. S.A (Technos). The Swiss firm said it had completed investment in Brazilian watchmaker Technos on behalf of its clients together with its investment partner DLJ South American Partners. The investment comes in a line of other endeavors the firm has gone into in Brazil, as it seeks to foment its place in Latin America’s biggest economy.
Brazil's biggest investment bank BTG Pactual is to sell a $1.8 billion stake to a group of investors including the Rothschild and Agnelli families as well as Middle East and Asia funds. Italian investment holding Exor SpA, controlled by the Agnelli family, is participating in the group of international consortium that would acquire 18.65 per cent of the capital in BTG Pactual.
Brasil Foods SA said Monday it hopes to begin discussions with antitrust regulators about potential asset sales as it seeks approval for taking over Sadia SA, reported Bloomberg. Brasil Foods SA was formerly known as Perdigao SA. Brasil Foods Chief executive officer Jose Antonio do Prado Fay said he expects regulator Cade to approve the takeover in the first quarter of next year.
Compagnie Financiere Tradition SA is set to acquire 30 per cent of CM Capital Markets Holding SA, a leading brokerage group in Spain and Brazil. In a press release, the two firms said they had agreed on an acquisition of 30 per cent and 15.2 per cent shareholding in Capital Markets Holdings.
Cetip SA, a Brazilian clearinghouse reported it had agreed to buy information processing firm GRV Solutions in a deal valued at 2 billion reais ($1.17 billion). In a securities filing, the firm said GRV's activities complement the current products and services offered by Cetip and reach practically the same client base.
US based auto maker General Motors Co. (GM), is planning to invest an additional US$1.2 billion in the expansion of its operations in Brazil. General Motors is the world’s fourth biggest car maker and its plans for 2011investment are meant for the expansion and updates of its Brazilian operations.
Reuters reported that Brazil's oil industry watchdog ANP will decide whether to approve British Petroleum's (BP) acquisition of Devon's blocks in Brazil next year. ANP's general director Haroldo Lima was speaking during an interview for news agency Reuters.
US based Sara Lee Corp. Tuesday reported it had signed an agreement to acquire Café Damasco, a coffee business based in the southern region of Brazil. The acquisition price represents a multiple of around one time annual sales. The transaction is expected to close on November 30th and will be filed with the Brazilian competition authorities for review and approval.
Repsol YPF SA is to sell off some of its stake as it seeks to raise funds for investments, to be undertaken in Brazil. Spain’s largest oil firm Repsol YPF SA announced its planning to raise close to $2.36 billion via the sale of a 15 per cent stake in its Argentine YPF SA unit. The move is as well aimed at cutting down Repsol’s holdings in Argentina.
PrimeHoldings.com Inc announced that its subsidiary TimeMarker Inc has concluded the acquisition of Brazil’s IT-Bibow INFO Ltd. PrimeHoldings.com Inc. is a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software.
Finland based firm Pöyry has acquired 60 per cent of the shares of Silviconsult Engenharia Ltda, a Brazilian forest-oriented consulting company. The company's annual net sales are about €1.7 million. The value of the acquisition is not disclosed. The Brazilian firm has exhibited an impressive growth record, marked by improved revenue and range of businesses solutions it provides.
The Trelleborg group Thursday announced it is planning to set up a new facility in Brazil for the manufacture of products and solutions for the oil and gas industry in the country. Under the plans, the Swedish group will invest some SEK 160 million over a two-year period in a new plant for development and production in Brazil. The plant will manufacture products for the strongly growing offshore oil and gas extraction industry in Brazil.
Brazil based refrigerated and frozen products firm Sadia SA announced it had acquired Excelsior Alimentos. Sadia SA is currently a leading global producer of chilled and frozen food. Sadia SA’s refrigerated and frozen products include poultry, pork, beef, turkey and chicken. The firm boasts 16 distribution units located across 14 Brazilian states.
Brazilian publicly held company BR Malls Participacoes S.A. Tuesday announced it had bought 49.99 per cent of CIMA Empreendimentos do Brasil S.A. The deal gives BR Malls Participacoes the option to acquire the remaining 50.01 per cent stake of CIMA Empreendimentos do Brasil S.A. CIMA Empreendimentos do Brasil S.A. holds a 100 per cent stake in Shopping Tijuca and three commercial towers that are part of the same complex located in the Tijuca neighborhood in Rio de Janeiro.