Investments in Brazil in July put Portugal in 6th place on list of foreign investors

6 September 2010

Brasilia, Brazil, 6 Sept – Portugal rose from 13th to 6th place in the list of foreign investors in Brazil by investing US$798 million last July, the Brazilian central bank said in Brasilia.

According to figures made available by the bank, the biggest investment was made by Ladelis SGPS for Companhia Nacional de Cimento Portland, in the area of manufacture of non-metallic mineral products, in the amount of US$671.4 million.

Another large operation was carried out by state financial group Caixa Geral de Depósitos (CGD), which in July invested US$78.5 million in Brazil.

Suma, a waste collection and treatment company, also made a significant investment in Brazil in July – US$28.7 million.

From January to July of this year, Portuguese direct investment in Brazil totalled US$1.034 billion, or 29.5 percent more than in the same period of last year. (macauhub)