VIEWS: 36 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 7/14/2010
Brazil's Cosan, the world's largest ethanol and sugar processor, and Royal Dutch Shell are merging their Brazilian operations in a deal valued at $12 billion. Braskem, Latin America's largest petrochemicals producer, is acquiring a 100% stake in Sunoco Chemicals, a division of US-based oil company Sunoco, for $350 million. Brazilian banks are also leading an international acquisitions drive. Federally controlled Banco do Brasil is taking a majority stake in Banco Patagonia, Argentina's fifth-largest private bank. Bradesco last year acquired Banco Ibi's Brazilian operations.
Brazil Antonio Guerrero Global Finance; Mar 2010; 24, 3; Docstoc pg. 15 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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