South American Real Estate News
/ Category / Brazil investments

Mubadala Development to invest $2bn in Brazilian group

Abu Dhabi-based Mubadala Development will invest $2 billion in the Brazilian business group EBX founded by Eike Batista as part of a strategic partnership. Under the terms of the agreement Mubadala will make the investment in exchange for a 5.63 per cent preferred equity interest in Centennial Asset Brazilian Equity Fund and other offshore holding…

Brazil aims to reduce business taxes

Brazilian President Dilma Rousseff has pledged to reduce business taxes on local businesses to help them invest and compete in a world awash with cheap money that is hurting Brazil’s economy, Veja magazine reported on Saturday. Speaking after a meeting with industry leaders, Ms Rousseff told the weekly magazine in an interview on Thursday that the way out…

Brazil prospers from global interest

Brazil outpaced Britain as the world’s sixth largest economy last year, partly owing to a rise in foreign direct investment, particularly in services and especially by America and Spain. The growing importance of Brazil can be reflected by how far the country has advanced in attracting foreign direct investment (FDI). According to the latest World Investment…