Edition:
India

Tatiana Bautzer

Essar group places bid for Petrobras' Bahia refinery - sources

01 Jul 2020

SAO PAULO/RIO DE JANEIRO Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday.

IRB restates 2019 net income, cuts it by 31% due to accounting irregularities

30 Jun 2020

SAO PAULO IRB Brasil Resseguros has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.

Brazilian drugstore chain Pague Menos files for $224 million IPO

26 Jun 2020

SAO PAULO Brazilian drugstore chain Empreendimentos Pague Menos SA has filed for an initial public offering on the Sao Paulo-based stock exchange, according to a securities filing on Thursday.

UPDATE 1-Brazilian broker XP and shareholder Itau in investment dispute

26 Jun 2020

SAO PAULO, June 25 Brazilian broker XP Inc and its major shareholder, Itau Unibanco Holding SA engaged in a public spat on investments this week, trading accusations in an ad campaign and webcasts on Thursday.

Exclusive: Petrobras to receive offers for Bahia refinery on Thursday, sources say

24 Jun 2020

By Tatiana Bautzer, Carolina Mandl, Gram Slattery and Sabrina Valle

UPDATE 1-Private equity firm IG4 to acquire Brazil's grain terminal in Itaqui port

19 Jun 2020

SAO PAULO, June 18 Private equity fund IG4 said on Thursday it has signed a deal with Brazil's CGG Trading and its creditors to acquire CLI, which owns one of the largest grain terminals in the country, in the northern port of Itaqui.

Brazil's Petrobras expects to sell stake in fuel distributor in 2nd half, sources say

18 Jun 2020

SAO PAULO- Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said.

UPDATE 2-Brazil's Petrobras expects to sell stake in fuel distributor in 2nd half, sources say

18 Jun 2020

SAO PAULO- June 17 Brazilian state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said.

Brazil's Petrobras plans to sell $1.8 billion stake in fuel distributor, sources say

18 Jun 2020

SAO PAULO/RIO DE JANEIRO Brazil's state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA , two people with knowledge of the matter said.

Brazil's Petrobras plans to sell $1.8 bln stake in fuel distributor, sources say

18 Jun 2020

SAO PAULO/RIO DE JANEIRO, June 17 Brazil's state-controlled oil company Petroleo Brasileiro SA is resuming plans to unload its remaining stake in the country's top gas station operator, Petrobras Distribuidora SA, two people with knowledge of the matter said.

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