Votorantim suspends $4.9bn Brazil IPO

Votorantim suspends $4.9bn Brazil IPO

Financial Times 19 June 2013 Votorantim Cimentos, Brazil’s largest cement producer, suspended plans to raise R$10.3bn ($4.9bn) from an initial public offering that would have been the second-largest globally this year, people familiar with the matter said on Tuesday....
Brazilian banks intensify private-equity investments

Brazilian banks intensify private-equity investments

Valor Econômico International June 10 2013 Brazilian banks are intensifying their bets on private equity, amid questions abroad on such type of investment in companies. The close relationship with thousands of companies in Brazil is one of the banks’ trump cards in...
Brazil’s Petrobras Unloads Stakes

Brazil’s Petrobras Unloads Stakes

The Wall Street Journal 15 June 2013 Brazilian state-run energy giant Petróleo Brasileiro SA, or Petrobras, on Friday said it has brought in a partner for its African operations and has sold its stake in some small-scale hydroelectric plants, part of a plan to raise...