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Canadian pension fund CDPQ to invest up to $317 million in Brazil fiber network with Telefonica

By Reuters Staff 2 Min Read BRASILIA (Reuters) - The Brazilian unit of Spanish telecom Telefonica SA said on Tuesday that it had agreed with Canadian pension fund CDPQ to create a joint venture to develop a “neutral and independent” wholesale fiber optic network in Brazil. According to a securities filing, Caisse de dépôt et placement du Québec (CDPQ) will invest up to 1.8 billion reais ($317 million) in the venture, receiving a 50% voting share. Telefonica Brasil will have a 25% voting ...
Distrito Federal Fibrasil Infraestruturae Fibra Telefonica Brasil Thomson Reuters Trust Principles Telefonica Sa Telefonica Infra

Brazil oil regulator says Petrobras shakeup will not change refinery policy

Brazil's oil sector regulator ANP does not see President Jair Bolsonaro's appointment of a new Petrobras CEO altering the country's policy of opening up the domestic refinery market to private investment, ANP director-general Rodolfo Saboia said on Monday.
Marta Nogueira Rosalba Obrien Rodolfo Saboia Jair Bolsonaro Thomson Reuters Trust Principles President Jair Bolsonaro

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UPDATE 1-South Korea's Samsung Heavy settles Brazil graft probe for $149 mln

By Reuters Staff (Adds Samsung Heavy filing; paragraph 4) BRASILIA, Feb 23 (Reuters) - South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday. On its website, the prosecutor’s office said the deal was part of a global negotiation between the company and U.S. and Brazilian authorities to settle alleged crimes over contracts with...
Soult Ukpyolsi South Korea Distrito Federal South Korean Aurora Ellis Heekyong Yang

UPDATE 1-Brazil Senate leader expects to pass four months of emergency pandemic payments

By Reuters Staff (Adds detail, quote, comment) BRASILIA, Feb 12 (Reuters) - Brazil moved a step closer on Friday to reviving pandemic emergency aid to the poor, as Senate President Rodrigo Pacheco said the chamber will prioritize approving the payments, which he expects to be granted over four months from March through June. Speaking alongside Economy Minister Paulo Guedes and lower house leader Arthur Lira, Pacheco said emergency aid and COVID-19 vaccines are “the absolute priority,” and w...
Distrito Federal Rodrigo Pacheco Ricardo Brito Jamie Mcgeever Steve Orlofsky Paulo Guedes

UPDATE 1-Brazil Senate leader expects to pass four months of emergency pandemic payments

13 Feb 2021 / 10:55 H. (Adds detail, quote, comment) BRASILIA, Feb 12 (Reuters) - Brazil moved a step closer on Friday to reviving pandemic emergency aid to the poor, as Senate President Rodrigo Pacheco said the chamber will prioritize approving the payments, which he expects to be granted over four months from March through June. Speaking alongside Economy Minister Paulo Guedes and lower house leader Arthur Lira, Pacheco said emergency aid and COVID-19 vaccines are "the absolute priority," an...
Distrito Federal Rodrigo Pacheco Ricardo Brito Jamie Mcgeever Steve Orlofsky Paulo Guedes

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