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...“There is definitely more activity around that,” said Ken Correa, a wealth manager who oversees 140 UBS financial advisers in the New York area....
...Mr Corrêa says the car-booking apps market generates some R$7.4bn a year in São Paulo alone: “We believe that 15 per cent of that can go to rides on women-exclusive apps.”...
...At R$4.5bn (then about $2.3bn) the consortium paid 500 per cent more than the R$582m minimum allowable bid....
...The sale of Alpargatas comes only 18 months after J&F bought the footwear company from Camargo Corrêa, a construction company also embroiled in corruption probes....
...The sale of Alpargatas comes only 18 months after J&F bought the footwear company for R$2.67m from Camargo Corrêa, a construction company that is also embroiled in the corruption investigations....
...CPFL reported net operating revenue of R$19.2bn last year, up 17.1 per cent from a year earlier, and net profit of R$875m, down 1.3 per cent....
...One such company, construction group Camargo Corrêa, sold its electricity business, CPFL Energia, to China’s State Grid for R$5.9bn in September. Petrobras’s own divestment programme is even larger....
...Camargo Corrêa, Alpargatas’s majority shareholder since 1982, is in the process of handing over control to Brazil’s billionaire Batista family for R$2.67bn (US$716m)....
...“A series of measures are being proposed with a special focus on attracting foreign businesses in the auctions,” says Paulo Correa, secretary of economic monitoring in the ministry of finance....
...But, argued Paulo Correa, the author of the Unctad paper, this helped Brahma prevent a strong competitor from buying Antarctica....
...Brazilian prosecutors have filed a R$4.47bn suit against six of the country’s largest construction companies for alleged involvement in a corruption scandal surrounding state-owned oil operator Petrobras...
...Adding to pressure on the sector, public prosecutors in February filed a R$4.47bn lawsuit against OAS, Galvão Engenharia and four of the country’s other largest builders: Camargo Corrêa, Sanko, Mendes Júnior...
...Aside from OAS and Mendes, executives from Camargo Corrêa, Engevix, Galvão Engenharia and UTC Engenharia were also charged....
...Brazilian police say they are investigating seven construction companies with R$59bn in contracts....
...Others named in the reports – including Camargo Corrêa and OAS – did not respond to requests for comment....
...The prosecution cites, as one example, findings by TCU that contracts awarded to one builder, identified as Consórcio Nacional Camargo Corrêa, were inflated in value by as much as R$446m....
...Nearby is the Estaleiro Atlântico Sul, a shipbuilder controlled by Brazilian construction groups Camargo Corrêa and Queiroz Galvão, that is producing a fleet of vessels for Petrobras....
...The business posted net profit of R$1.64bn in 2012 from revenues of R$9.48bn, according to the prospectus....
...His delegation includes Brazil’s biggest construction contractors, such as Odebrecht and Camargo Correa....
...“If you don’t educate you must build prisons,” says Mr Corrêa. The average income in the area is about one or two minimum wages, or R$622-R$1,244 ($300-$600) per household, according to Caixa....
...Shares in Cimpor rose by almost 10 per cent after Camargo Corrêa of Brazil stepped up a long-running battle over Portugal’s largest cement producer by making a €2.48bn offer for the company....
...Bloomberg sums it up thus: Techint, through its Ternium and Tenaris units, agreed to buy 139.7m voting shares in Usiminas at R$36 each from Camargo Correa, Grupo Votorantim and Usiminas’s workers pension...
...The US oil company, which ranks as Brazil’s third-biggest producer by volume, has spent R$2m ($1.1m) since last year on granting scholarships and improving three laboratories at Rio de Janeiro’s PUC university...
...Brazilian construction company, Camargo Corrêa, local conglomerate Votorantim and Caixa dos Empregados Usiminas, the Usiminas employees’ pension fund, sold the stake....
...The largest Brazilian real bond was for R$810m from construction group Camargo Corrêa....
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