Page 31 - Peter Frontini News Today

Telecommunications firm Telefonica Brasil SA said on Tuesday its second-quarter net profit rose 50.3% from a year earlier, boosted mainly by its mobile phone business. The Brazilian unit...

Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday of up to 5 billion reais ($1.05 billion) to take the firm private, it said on Tuesday. The offering will amount to between 4.3 billion reais and 5 billion reais based on Monday's closing price and considers the sale of part of Parana state's stake in the firm and the sale of new shares, Copel said. Copel added that the offering is still subject to market conditions.

SAO PAULO (Reuters) -The Brazilian state of Parana, the countrys biggest poultry producer, said on Tuesday it has declared an animal health emergency due ...

Brazilian power company Eletrobras expects to invest between 70 billion and 80 billion reais over the next five years, the firm said on Monday, adding it was mulling over 15 potential mergers or...

Share offerings by Brazilian companies are set to pick up in the second half of this year, with bankers expecting a small revival in initial public offerings , spurred by better economic...

Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidiary Almacenes Exito. In a securities filing, GPA said the offer does not serve the best interests of the firm and its shareholders, as the price offered falls short of "financial reasonableness for a transaction aiming at a controlling interest." Last month, GPA declined Gilinski's offer to pay $836 million for nearly 97% of Exi...

SAO PAULO (Reuters) - Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a ...

(Reuters) - Brazilian retailer GPA announced it received a new offer from Colombian billionaire Jaime Gilinsky to buy part of GPA's stake in its Colom...

By Ana Mano and Peter Frontini (Reuters) - Japan has suspended imports of chicken from Brazil's Santa Catarina state after the confirmation of a highl...

Japan has temporarily suspended imports of chicken from Brazil's Santa Catarina state after the confirmation of a highly pathogenic avian influenza (HPAI) case in a backyard chicken, Brazilian meat lobby ABPA said on Monday, creating a new headache for the country's meat...