With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine. A consortium led by Petroleo Brasileiro SA had landed a license to develop the largest oil discovery in Brazil under terms that had exceeded projections.
South/Central America
Eneva SA is in discussion to avoid redemption of OGX debt
Eneva SA, whose main shareholders EON SE and Eike Batista Brazilian utility firm Eneva SA, whose main shareholders are German EON SE and Brazilian mogul Eike Batista, is in discussion with banks and its partners on means to avoid the redemption of USD300 million worth of indebtedness owed by a natural gas company it owns with Batista.
Caixa Geral sells Portugal Telecom stake for EUR 196 million
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Inbursa in talks to acquire Standard Bank's Brazil unit for USD 59.3 million
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
Brazil sells dollar bonds worth USD 3.2 billion
Brazil sold dollar bonds amounting to USD 3.2 billion set to mature in 2025 and established a new benchmark in international markets.
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Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
The consortium comprising of Indian Oil, ONGC Videsh and Oil India, as well as Repsol SA, would not be exercising the right of pre-emption of the vacated shares in the oil project previously owned by Petronas of Malaysia.
Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.
A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.
After purchasing stake from OdontoPrev's CEO Luiz Zanetti, Banco Bradesco took full control of the dental care services firm.
In order to block the bid of Sinochem, OVL and Shell filed notice of purchase on the USD1.543 billion oil block interest from Petrobras.
