Tag: Brazil

Brazil’s Usiminas to divest from Musa
Global

Brazil’s Usiminas to divest from Musa

One of Brazil’s largest steelmaker, Usinas Siderurgicas de Minas Gerais also known as Usiminas is planning to sell its stake in its mining unit. Usiminas has about 70% stake in Musa. According to data compiled by Reuters News, Mineração Usiminas, known as Musa, could be valued at 1 billion reais, […]

Equinor acquires 25% stake in Roncador oil field
Energy Global

Equinor acquires 25% stake in Roncador oil field

Norway’s Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. Equinor said in a statement that all the transaction conditions have been met including government and regulator approval. Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit […]

Julius Baer acquires Brazil’s Reliance Group
All Global

Julius Baer acquires Brazil’s Reliance Group

Julius Baer said it has perfected the acquisition of 95% of the São Paulo-based Reliance Group (Reliance) took place on 4 June 2018 as planned. Reliance is one of the largest independent wealth managers in Brazil, with client assets of approximately BRL 18 billion (approximately CHF 5 billion), mainly in […]

Brazilian court halts judgement execution against Chevron
Energy

Brazilian court halts judgement execution against Chevron

Brazil’s Superior Court of Justice (STJ) unanimously rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corporation on Wednesday, November 29, citing a lack of jurisdiction. Chevron said in a statement that the fraudulent judgment has now been rejected in Argentina, Brazil and the United States. “Courts around […]

Angola cables begins construction of data center in Brazil
Tech

Angola cables begins construction of data center in Brazil

Multinational telecommunications company, Angola Cables, announced that construction had begun on its South American data centre, located in Fortaleza, Brazil. The data centre is an important next step in the company’s roll-out of promoting the digital inclusion and empowerment of Africa by the use of subsea internet cable connecting Africa […]