Brazil

Consolidation will continue in Brazil's banking sector as state-controlled Banco do Brasil works to once again become the market leader. CFW reported three weeks ago on the US$17.7bn... 2008-11-26

In a BRL389.1bn (US$17.7bn) move that will create the largest financial group in Latin America, Brazilian bank Itau confirmed on November 5 that it will acquire its smaller rival... 2008-11-06

Japanese exploration group Inpex has received regulatory approval to acquire half of Royal Dutch Shell's 40% stake in Block BM-C-31 in the Campos Basin offshore Brazil. The price... 2008-11-05

Smithfield Foods recently announced the sale of its beef production plant, Smithfield Beef Group, to Brazilian beef giant JBS in a US$565mn deal, with a further US$150mn to be received... 2008-10-30

Brazilian regulator Anatel has approved changes to the Plano Geral de Outorgas (PGO, Plan for Concessions and Licences), marking a big step towards the long anticipated merger of... 2008-10-21

Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) confirmed on October 15 that it has sold its Argentine healthcare provider unit, Consolidar Salud, to local health and... 2008-10-16

On October 14, investment firm Banking & Trading Group (BTG) said it will buy the Brazilian units of bankrupt securities firm Lehman Brothers for an undisclosed sum, in a move... 2008-10-15

Leading inter-dealer broker GFI Group has acquired a 49% stake in Argentina's Premium Securities, with the option to purchase the remaining 51% in blocks over the next few years.... 2008-10-02

Peruvian miner, Atacocha, which said in August that a block of its shareholders were looking to sell a majority stake in the company, announced on October 3 that it would allow PAF... 2008-10-02

Paranapanema Group, a Brazilian base metals group, has agreed to divest its controlling stake in Mineração Taboca to Serra da Madeira, the Brazilian unit of Peru's Minera Minsur.... 2008-09-25