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India

Tatiana Bautzer

Lemann-backed Brazil school chain Eleva to raise $200 million to expand: sources

18 Oct 2019

SAO PAULO Brazilian K-12 school chain Eleva Educação SA is in talks with investors to raise around $200 million in a new financing round to fund expansion, two sources with knowledge of the matter said.

Lemann-backed Brazil school chain Eleva to raise $200 mln to expand -sources

18 Oct 2019

SAO PAULO, Oct 18 Brazilian K-12 school chain Eleva Educação SA is in talks with investors to raise around $200 million in a new financing round to fund expansion, two sources with knowledge of the matter said.

UPDATE 1-Brazil's BNDES fires director after divestment dispute -sources

18 Oct 2019

SAO PAULO/RIO DE JANEIRO, Oct 17 The majority of the board of Brazilian development bank BNDES has voted to dismiss director Andre Laloni, who requested a leave of absence last week amid disagreements over asset sales, two people with knowledge of the matter said on Thursday.

Sale of $29 billion in Brazil government assets hinges on BNDES spat: sources

16 Oct 2019

SAO PAULO/RIO DE JANEIRO The sale of some 120 billion reais ($29 billion) worth of shares owned by Brazilian development bank BNDES has snagged on a dispute among the bank's executives, three people with knowledge of the matter told Reuters.

Brazil's Yduqs in exclusive talks to acquire Adtalem business in the country: sources

15 Oct 2019

SAO PAULO Brazilian for-profit education company Yduqs, formerly known as Estacio Participações , is in exclusive talks to acquire assets owned by Adtalem Global Education Inc , two sources with knowledge of the matter said on Tuesday.

Brazil's Odebrecht to propose delay in bankruptcy plan vote: sources

15 Oct 2019

SAO PAULO Brazilian conglomerate Odebrecht SA's advisors plan to propose a delay in the bankruptcy plan vote by creditors, two people with knowledge of the matter said.

UPDATE 1-Renova Energia CFO out after Light divestiture, failure to sell Brazil wind farms

14 Oct 2019

SAO PAULO, Oct 14 The CFO of Brazilian renewable energy firm Renova Energia SA resigned and a key shareholder gave up its stake after failed talks to sell heavily indebted wind farm projects.

Brazilian share offerings surge to decade high as M&A languishes

11 Oct 2019

SAO PAULO Brazilian companies are raising funds through share offerings at a decade-high pace, bolstered by record low interest rates, progress on macroeconomic reforms and signs of recovery after a long recession, even as M&A activity slumps.

UPDATE 2-Brazil's Caixa requests liquidation of conglomerate Odebrecht- court document

04 Oct 2019

SAO PAULO, Oct 3 Brazilian state bank Caixa Economica Federal has filed a legal motion requesting the liquidation of engineering conglomerate Odebrecht SA, according to court documents seen by Reuters, in what could be a dramatic end to the graft-plagued company.

UPDATE 4-Alleged Brazil rate-decision leaks spur probe of Banco BTG Pactual

04 Oct 2019

SAO PAULO, Oct 3 Brazilian prosecutors said on Thursday they were investigating Banco BTG Pactual SA and former central bank and finance ministry officials over the alleged illegal leaking of interest rate decisions between 2010 and 2012.

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