Brazil

Heineken Family to Retain Overall Control Despite FEMSA Deal

HEINEKEN-LOGO-FEMSA-LOGO

The Heineken family, post the all-share acquisition of the Mexican brewer FEMSA Cerveza, will see some of its interest in the brewer melt away, but it will still continue to retain overall control.

In 2002, the family's Charlene de Carvalho-Heineken inherited her father's controlling stake in the firm, and has since worked with the brewer's top management to try and construct a complex deal to keep control in the company intact, and also expand into rapidly growing and lucrative markets of Mexico and Brazil.

Amazon Basin Countries and France to Meet Over Proposal for Copenhagen Summit

Amazon Basin Countries and France to Meet Over Proposal for Copenhagen Summit

Presidents of 8 Amazon basin nations as well as the French President are all set to meet on Thursday in Manaus to discuss the save-the-jungle program and reach a common proposal to be better prepared for next month's UN Climate Change Conference to be held in Copenhagen.

Banco Santander raises $8 billion in Brazil IPO

Banco Santander raises $8 billion in Brazil IPO

Banco Santander SA's Brazilian unit is raising around 14.1 billion reals (equivalent to $8 billion) in an initial public offering on the Sao Paulo Stock Exchange.

The proceeds from the record IPO will be used to expand Brazilian operations.

The bank is selling 600 million units at a price of 23.5 reals per piece.

The shares of the bank will trade under the symbol SANB11.BR.

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