Talks to sell SuperVia SA are being led by Brazilian creditors of conglomerate Odebrecht SA as the corruption-ensnared group faces pressure to sell assets and reduce debt.
PSA, China’s Hutchison Port Holding and China Merchant Port Holdings have delivered non-binding proposals for container terminals in Salvador and Rio Grande.
The auction of a controlling stake in Companhia Energética de São Paulo, or Cesp, is scheduled for October 2.
Lwarcel has one pulp-producing unit in the state of Sao Paulo with 250,000 annual tonnes in capacity, and the expected value of the deal is around 2 billion reais ($586 million).
Macquarie has reportedly partnered with Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund GIC for the bid.
GIC, which bought a minority stake in another pipeline network from Petrobras last year, is analyzing the investment.
Goldman Sachs Group Inc will invest $184 million (600 million reais) in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930s, a company executive said on Friday. Metrofit, founded in 2012, is a joint venture between Brazilian real estate company TRX… Read more »
Pengxin’s search for financial, logistics and commodities firms in Brazil is gaining steam following the $200 million purchase in April of a controlling stake in grain processor Fiagril Participações SA. The Chinese group could spend up to $3 billion in Brazilian targets.