Africa

Tim, Oi deny rumors

Brazil Europe M&A

Brazilian telecoms firms Tim Participacoes said on Wednesday it had not mandated a bank to evaluate an acquisition offer for rival company Oi

CFR African Vote Pushed to January

Chile M&A Africa

Shareholders of South Africa’s Adcock Ingram have postponed a vote on CFR Pharmaceuticals’ takeover offer to January from this week, the drugmaker says. The move follows ...

CFR Sweetens SA Bid

Chile M&A Africa

CFR Pharmaceuticals has increased its cash and stock takeover offer for South Africa's Adcock Ingram by 1.6% to ZAR12.8bn ($1.23bn), it says. The Chilean’s offer is up fr...

Bridge in Hand, CFR Makes Adcock Bid

Chile M&A Africa

Chile’s CFR Pharmaceuticals has formally bid ZAR12.6bn ($1.2bn) for South African drug maker Adcock Ingram, and has secured a $600m bridge loan to help, it says. CFR has ...

CFR Advances Equity Raise

Chile M&A Equity

Chile’s CFR Pharmaceuticals has approved a $750m equity capital raise, it says. The transaction, done to finance the $1.3bn purchase of South African drugmaker Adcock Ing...

South Africans Approve CFR Offer

Chile M&A Africa

The board of South African drugmaker Adcock Ingram agreed to support a ZAR12.6bn ($1.3bn) billion cash and share offer from Chile's CFR Pharmaceuticals, Adcock says. CFR...

CFR Still with Top Bid for South African

Chile M&A Africa

South African drug maker Adcock Ingram has received additional unsolicited bids from potential buyers, it says, but none yet bigger than a $1.3bn takeover offer from Chil...

Africa: Height of the sky

Economy & Policy Corporate & Sovereign Strategy Africa

As economies boom on both sides of the south Atlantic, the potential for trade and investment between Latin America and Africa has scarcely been so great

Standard Bank Shifts Brazil Model

Brazil Africa Bonds

South Africa-based Standard Bank is changing its Brazil business model to focus on the country’s dealings with with Africa and China, it says, instead of building up a lo...

African Gets Remainder Brazil Gold Project

Brazil M&A Africa

African gold miner AngloGold Ashanti has agreed to acquire the remaining 50% of the Serra Grande gold project from Canada’s Kinross Gold for $220m cash, it says. Serra Gr...

BTG Plots Africa PE Fund

Brazil Funds Africa

BTG Pactual's private equity arm is preparing a fund of approximately $1bn to invest in Africa, according to a source with knowledge of the plan. The fund is expected to...

HRT Seeks Namibia Partners

Brazil M&A Africa

Brazilian oil and gas company HRT Participacoes em Petroleo is seeking partners for a farm-out agreement involving its exploration assets in Namibia. HRT aims to sell a 2...

Standard Seen Hiring Credit Analyst

People Corporate & Sovereign Strategy Africa

Standard Bank is said to be close to hiring corporate credit analyst Natalia Corfield. The exact timing is unclear. Corfield left ING in New York in December. Standard ha...

BRICS Set Up Exchange Alliance

Brazil Asia China

Brazil’s BM&FBovespa has agreed to form an alliance with the Hong Kong, Johannesburg, Moscow, Bombay and Indian National exchanges. Together, these markets represent a co...

Vale Terminates Metorex Acquisition Agreement

Brazil M&A Africa

Brazilian mining company Vale has terminated its agreement to acquire African copper miner Metorex for $1.13bn, after the latter received a $1.36bn offer from Jinchuan Gr...