According to a report carried by the Nikkei business daily, Japan’s Mitsubishi Motors Corp is planning to streamline production in developed nations while increasing output in emerging markets such as Brazil and India under a new global strategy. The automaker is keen on quickly lifting global production to 1.5 million units by redistributing business resources, up 50 per cent from fiscal 2009, the Nikkei paper said.
Brazilian shopping center administrator Iguatemi Empresa de Shopping Center SA said Friday that it plans to tap credit markets with a five-year debenture sale. In a filing with securities regulators, Iguatemi said that it planned to sell 300 million Brazilian reais ($178 million) worth of debentures.
Global private equity firm, Advent International Friday announced it is to acquire 50% of the capital stock of TCP - Terminal de Conteineres de Paranagua S/A (TCP). TCP is Brazil's third-largest container port terminal. The value of the transaction and other financial terms were however not disclosed.
Japan's trading firm Mitsui & Co Ltd Thursday said it will acquire 44.2 per cent stake in Brazil’s Multigrain AG. Multigrain AG is a Brazilian grain broker, and the investment will cost the Japanese firm about US$225 million. Mitsui & Co Ltd is keen on securing foodgrain to supply in Asian market.
The Urban Fish, pioneer and leader in collective purchases in Brazil, announced it had raised funds from significant venture capitalists in the United States, Benchmark Capital, and a major venture capital firm in the country, Monashees Capital for Series A round of investment made in the last quarter of 2010.
Horizonte Minerals plc, announced that, subsequent to the signing of an MOU in August 2010 with Anglo Pacific Group Plc, the Company has executed a formal Option Royalty Agreement with Anglo Pacific regarding future nickel production on its 100% owned Araguaia Nickel Project which is located in the Carajas Mineral District of northern Brazil.
Cosan Limited announced it had gone into a definitive agreement that will see it acquire Usina Zanin Acucar e Alcool Ltda. Cosan Limited is a Sugar and ethanol producer. The acquisition target, Zanin, is a sugarcane producer based in the Araraquara region, Brazil. The transaction is however subject to satisfaction of certain required conditions.
Truffle Capital announced that its portfolio company LeadMedia acquired MediaFactory, a leading online performance marketing company based in Sao Paulo (Brazil). Truffle Capital is a major European private equity firm.
Truffle’s portfolio firm, LeadMedia, is a leading European online performance marketing company with headquarters in Paris, France. The firm was founded by Stephane Darracq (a French serial technology entrepreneur) and backed by Truffle Capital.
Parker Hannifin Corporation, the global leader in motion and control technologies, Friday announced that it has acquired Brazil’s HDA Acessorios e Equipamentos Ltda. The Brazilian firm is based in the state of Sao Paulo, Brazil. HDA is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets; with offices and a manufacturing location in Sao Paulo.
The European Commission gave the nod to the merger of Shell Brazil Holding B.V. and Brazilian sugar and ethanol producer Cosan S.A. Indústria e Comércio. In its ruling, the Commission argued that the merger between the two firms will not hamper competition but rather strengthen the region’s ethanol industry.
Brazilian Newspaper Valor Economico reported that Spanish energy sector giant Iberdrola has agreed to buy all the assets of Ashmore Energy International (AEI), including the Brazilian distributor Elektro. The deal for the investment is worth $8 billion according to the report, but the Spanish giant has denied the reports.
The Spanish company declined to comment on the report except to say in a brief statement, "Iberdrola denies it has signed an agreement to buy AEI for about $8 billion," said the reports.
Wabtec Corporation announced it had acquired Brazil’s Adantech Industria e Comercio de Metal. The Brazilian firm is a friction products company based in São Paulo, Brazil. The acquisition closed on Dec. 31, 2010. The terms of the investment transaction were not immediately disclosed.
PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, has acquired Uniplen Indústria de Polímeros Ltda. Uniplen is a leading Brazilian producer of specialty engineered materials and distributor of thermoplastics.
Prosperity Minerals announced it had successfully completed the acquisition of a 35% stake in a joint venture firm engaged in the exploration and production of iron ore. This announcement follows its December 9th 2010 release regarding its interest and offer for the stake.
Avanco Resources reported last week that Brazilian iron ore heavyweight Vale had signed an option to acquire its Trindade North prospect for up to $40 million. Avanco Resources is an Australian Listed Brazil focused mining firm. Under the terms of the signing, Vale has been granted exclusive exploration rights for up to 3 years and the right to subsequently acquire sole ownership of the project, Avanco said in a statement.
Elbit Systems Ltd announced Friday it acquired Brazilian companies, Ares Aeroespecial e Defesa S.A. and Periscopio Equipamentos Optronicos S.A. The acquisition was accomplished in a series of transactions totaling tens of millions Brazilian Reals.
Canacol Energy Ltd announced it is to spend US$ 106 million capital budget in 2011 for exploration and development activities in Brazil, Colombia and Guyana. The budget includes the drilling of 39 gross wells (13 net wells), which include 6 exploration wells and 33 appraisal and development wells.
Anglo American Plc announced Tuesday it is to invest upwards of 1.3 billion reais with its Brazilian partner LLX Logistica SA in a port project. Anglo American Plc is the world’s fifth-largest base-metals producer by market value. In a release, the Brazilian firm reiterated Anglo American Plc had agreed to invest as much as $770 million in its iron-ore port project with the Brazilian firm.
Spanish energy company Repsol said on Tuesday it had completed a capital hike of $7.1 billion subscribed by China's Sinopec in order for the Asian giant to acquire 40 per cent of a joint venture in Brazil. In a regulatory announcement, Repsol added it would book capital gains of $3.757 billion from the deal, which was originally agreed on Oct. 1.
According to a report filled by Reuters, French oil group Total is keen on a Brazilian foray that will see it produce a range of biochemicals with its partner firm in the country, Amyris Inc.
Hypermarcas SA, the Brazilian consumer-goods reported that it will be making a payment of around 2.5 billion reais, about $1.5 billion, for drugmaker Mantecorp Industria Quimica & Farmaceutica SA. The Brazilian firm has recently made over 10 acquisitions, spanning the last one year. However, its announcement of the latest investment saw its share decline.
New Era Cap Co., Inc., the international headwear and apparel brand, announced Thursday it acquired a stake in MARC4, a privately-held fashion brand management company in Brazil. MARC4 designs, distributes and markets apparel, shoes, headwear and other accessories under licensed brands throughout the country, and has been New Era's official distributor in Brazil since 2006.
A.P. Møller-Mærsk’s wholly owned subsidiary Maersk Oil has agreed with SK Energy Co. Ltd to acquire SK do Brasil Ltda. for $2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and will not affect the 2010 financial result of A. P. Møller – Mærsk A/S, read the firm’s press release.
Chinese firm State Grid announced it had bought seven Brazilian power distributors for a $1 billion, the latest in a string of Chinese takeovers of South American energy assets betting on rapid growth. State Grid has also won a 30-year license to operate power lines and other infrastructure in Brazil's heavily populated southeast, the Chinese Assets Supervision and Administration Commission said.