Takeda expects to fetch more than $1 billion for the Latin American operations. In Brazil, Takeda owns popular OTC drug brands.
Only shareholders such as asset managers Vinci Partners and Capital Group and Temasek are selling part of their stakes, and the company itself will not raise cash.
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.