Sao Paulo, Brazil, 17 Aug – There are twenty-one Portuguese companies in a 2005 list of the top 1000 companies in Brazil by sales, according to a year book made public Wednesday by newspaper Valor Economico.
Of the 21 companies, 10 of them are controlled by telecommunications holding company Vivo, 50-50 owned by Portugal Telecom and Spain’s Telefonica Moviles. Another four companies are controlled by Energias do Brasil (EDB), the Brazilian subsidiary of Energias de Portugal, namely electricity distribution companies Bandeirante, Escelsa and Enersul and energy trading company Enertrade.
The ranking also includes four companies controlled by Brazilian highway company Companhia de Concessões Rodoviárias (CCR), controlled in part by Portugal’s Brisa, namely Autoban, Novadutra, Viaoeste e Rodonorte
The remaining Portuguese companies on the list are wood panel manufacturer Tafisa, controlled by Portuguese conglomerate Sonae, Internet portal UOL, controlled in part by Portugal Telecom, and ESAB.
Telesp Celular (TC), the main mobile telecommunications company that is part of the Vivo network, is ranked number 49 in the list (44 in 2004), with sales of 1.6 billion euros. The ranking is once again topped by Brazilian state-owned oil company Petrobras, with total sales of 38.6 billion euros in 2005.
The year book also said that Brazil’s economy registered a 2.3 percent increase last year, which is lower than in 2004, while the country’s Gross Domestic Product (GDP) rose 4.9 percent. (macauhub)