Brazilian real estate firm HBR Realty BMFBOVESPA:HBRE3 has proposed the acquisition of up to all shares of homebuilder Helbor BMFBOVESPA:HBOR3, both firms said in separate securities filings on Friday.($1 = 5.1697 reais)
Brazilian real estate firm HBR Realty BMFBOVESPA:HBRE3 has proposed the acquisition of up to all shares of homebuilder Helbor BMFBOVESPA:HBOR3, both firms said in separate securities filings on Friday.The exchange ratio proposed in the deal, which if concluded would take Helbor private, is about 0…
The Ibovespa gained 0.7% to close at 174,070 on Friday as investors assessed May industrial production and June services PMI data.The S&P Global Services PMI showed the sector expanded at a slightly faster pace in June as demand improved, supporting domestically oriented stocks.Retail shares led ga…
By Ragini Mathur and Purvi AgarwalMost Latin American currencies extended gains on Friday and stocks were mixed, a day after weaker-than-expected U.S. jobs data cooled bets on a near-term Federal Reserve rate hike and boosted risk sentiment heading into the weekend.MSCI's Latin American equity inde…
A consortium with Brazilian power company Alupar BMFBOVESPA:ALUP3 won the largest lot in a power transmission auction held on Friday in the country, while Axia Energia BMFBOVESPA:AXIA3 secured the remaining three projects.The consortium formed by Alupar and the Infra II Investment fund secured the…
A consortium formed by Brazilian power company Alupar BMFBOVESPA:ALUP3 and the Infra II Investment fund won on Friday the largest lot in a power transmission auction in the country, securing projects expected to require 1.1 billion reais ($212.78 million) in investment.The consortium's bid was a 52…
MMG Ltd HKEX:1208:
The Ibovespa edged up to trade near the 173,000 mark on Friday as investors assessed May industrial production and June services PMI data.Services activity data showed an expansion at a slightly faster pace in June as demand improved, supporting shares linked to domestic tertiary sector activity.Re…
Thejo Engineering Ltd NSE:THEJO:
Swedish miner Boliden's potential acquisition of Votorantim's 64.7% stake in Nexa Resources could create a dominant player in the global zinc market, UBS analyst Daniel Major writes. A combination of Nexa's and Boliden's operations would create the third largest zinc miner and smelter globally, he…
