2 August 2016
China’s BYD automotive group (http://www.byd.com/) is further developing its relationship with the Correios group, Brazil’s top postal service provider, with the aim of expanding in that market, an official source from the Shenzhen-based group told the China Daily newspaper. Last March the BYD group ceded a T3 model electric minivan to the Correios group, which is evaluating ‘green’ logistics solutions by testing electric vehicles from different manufacturers, especially those promising energy efficiency in urban traffic.
1 August 2016
China’s Fosun group has completed the purchase of Rio Bravo Investimentos, one of the most important private investment management companies in Brazil, with a portfolio of nearly US3$billion, the group announced in a statement released in São Paulo. “The operation is part of Fosun’s growth strategy in emerging countries and aims to expand business in Latin America. This is the Fosun group’s first acquisition in the region and represents one more step to leverage local investment potentials following the acquisitions of Idera Capital in Japan in 2014 and Resolution Property in the United Kingdom in 2015, along with the creation of Fosun Eurasia in Russia, also in 2015,” the statement indicates.
29 July 2016
Chinese consumer electronics group TCL plans to invest US$60 million in building a factory in Brazil to manufacture liquid crystal display (LCD) televisions, reported Japanese newspaper Nihon Keizai Shimbun (Nikkei). The Chinese group's investment will be made under a 40/60 partnership with Brazilian electronics group SEMP Toshiba, known when it was founded in 1942 as Sociedade Eletro Mercantil Paulista.
28 July 2016
28 July 2016
Chinese companies are expected to make major investments in the coming months in Brazil, especially in infrastructure, including electricity transmission grids and raw materials, Brazilian newspaper O Estado de São Paulo reported. Assets of Electrobás, such as subsidiaries Electrosul and CELG, are being offered to various investors, both in China and other countries. Other businesses in the sector, such as the Santo Antonio Hydroelectric Power Station on the Madeira River, which has among its shareholders the Odebrecht group, are also up for sale.
28 July 2016
Twenty-five executives and technicians from the traditional medicine sector in Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor) took part in a symposium in Macau organised by the Training Centre of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), according to official information. The conference, which began on 18 July was held at the Guangdong-Macau Traditional Chinese Medicine Industry-park, whose facilities were visited on Wednesday by the executives and technicians in order to see current development.
18 July 2016
Chinese automotive company Zotye Auto plans to build a car factory Goianésia, Brazil, under an investment contract signed with the state government in the city of Goiás, the Brazilian press reported. In 2014, after a representative of the company announced the arrival of the brand in Brazil, Zotye Auto began negotiating with TAC Motors and eventually purchased the brand's operations in the state of Santa Catarina, for 190 million reais.
18 July 2016
Cape Verdean public transport company Solatlantico will receive ten Volkbus 17.210 buses purchased in Brazil from MAN Latin America to add to the passenger transport network in Praia, the capital of the Cabo Verde (Cape Verde) archipelago. Henrique Duarte, managing partner of operator SolaAtlantico, told the Cape Verdean press that after an initial purchase of 16 Volkbus 9.150, "which have had an excellent performance," it was decided to acquire 10 units of the new model from the Brazilian company that manufactures MAN and Volkswagen commercial vehicles.
13 July 2016
12 July 2016
World demand for jet aircraft in the segment of 70-130 seats from 2016 to 2035 will total 6,400 units, according to the forecasts of Brazilian aeronautical company Embraer disclosed at the Farnborough Air Festival in the United Kingdom. Embraer projects demand for aircraft with between 70 and 90 seats to total 2,300 units while for aircraft with 90 to 130 seats demand is expected to reach 4,100 units, with the overall demand in the period valued at around US$300 billion.
7 July 2016
6 July 2016
6 July 2016
Chinese state group China Three Gorges (CTG) plans to invest in wind and solar power plants in Brazil, having spent more than 15 billion reais (US4.5 billion) to acquire hydroelectric power plants, said the head of the group in Brazil. Li Yinsheng told Reuters news agency that the group, which opened an office in Brazil in 2013, has been assessing several acquisition opportunities and may even "make its debut in these new renewable sources of electricity within a year."
4 July 2016
4 July 2016
The controlling stake held by Brazilian group Oi in Timor Telecom is expected to be acquired by the ETO group of Timor-Leste (East Timor) and a final agreement is due to be reached soon, said Ivan Pereira de Araujo, head of the VSLN/Thelson/Bona Fide consortium. The consortium hired by Oi to conduct the negotiation and sale of shares recently told Portuguese news agency Lusa that 11 purchase proposals had been analysed and that the selected proposal was put forward by ETO, owned by businessman Nilton Gusmão.
29 June 2016
27 June 2016
17 June 2016
The Visit Brasil website (http://www.visitbrasil.com/), the official Brazilian tourism website (http://weibo.com/), said the Brazilian Tourism Institute (Embratur). Weibo, which is one of the largest social networks in China and the world, has 600 million users inChina alone. Embratur plans to use it to attract Chinese tourists to Brazil before, during and after the Rio 2016 Olypic and Paralympic Games.
10 June 2016