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Ecodiesel Rejects Vanguarda Merger Proposal

May 13, 2011

The board of directors for Brasil Ecodiesel has rejected Vanguarda’s proposal to merge the two companies, according to a stock exchange announcement. Vanguarda had proposed that Ecodiesel purchase it for BRL1.2bn, or BRL0.89...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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