* Fosun Group to buy stake in Rio Bravo Investimentos
* Embraer and Colorful Guizhou to sign plane deals
* Brazil's new president arrives in China for G20
(Adds details of deals)
By Adam Jourdan
SHANGHAI, Sept 2 Brazil will sign nine business
deals with China in sectors including agriculture, aviation and
logistics, including a $3 billion steel construction project,
Brazil's Ministry of Foreign Affairs said on Friday.
The deals were announced as Brazil's newly-instated
President Michel Temer arrived in China on Friday to attend the
G20 leaders meeting in Hangzhou, his first global event after
the impeachment of his predecessor Dilma Rousseff earlier this
China's Fosun Group will buy a 50.1 percent stake in
Brazilian fund manager Rio Bravo Investimentos, while Embraer
and Chinese airline Colorful Guizhou will also sign
plane deals, the ministry said in a statement issued at a
business summit in Shanghai.
The State Grid Corporation of China will purchase
a stake in Brazilian conglomerate Camargo Correa SA while China
Brazil Xinnenghuan International Investment Co Ltd will agree
$3 billion steel construction project in Brazil with the
Brazilian state of Maranhao.
Fosun Group announced the deal with Rio Bravo Investimentos
in July while Reuters reported on Thursday that the State Grid
will buy a 23.6 percent stake in Brazilian power holding company
CPFL Energia SA from Camargo Correa SA.
(Writing by Brenda Goh; Editing by Shri Navaratnam)