15th February, 2024
Mubadala is set to sell its refinery in Mataripe, which represents 10% of Brazil’s total oil refining capacity, back to Petrobras by mid-year as part of a broader initiative that will see the Abu Dhabi sovereign wealth fund partner the national oil company on biofuel projects.
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21st November, 2023
Canadian public pension fund manager CDPQ is preparing to deploy up to C$5 billion (US$3.6 billion) in capital to Brazil over 2024-27, on top of around C$8 billion (US$5.8 billion) already invested in the country since it started buying Brazilian assets in 2006.
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1st October, 2023
The most active Latin American country in terms of new SWFs is Brazil, where several cities and states have set up their own savings vehicles, under the umbrella of FFSB. We were delighted to catch up with Dr. Fernanda Feil and Mr. Leandro Ferreira, Co-Directors of the Forum.
18th August, 2023
Singapore’s sovereign wealth fund GIC this week struck its second significant deal in Brazil this month with a BRL1.2 billion (US$240 million) retail and logistics venture with Barzel Properties, continuing a quiet rise in investment by the SWF community in the South American nation.
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28th April, 2023
Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.
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25th April, 2023
Abu Dhabi sovereign wealth fund Mubadala is backing a major leap forward in aviation by funding a US$2.5 billion project to build a sustainable fuel plant in Brazil.
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9th September, 2022
The front-runner in the Brazilian presidential election Lula da Silva looks set to take aim at the privatization of the country’s refineries, putting him on collision course with Abu Dhabi sovereign wealth fund Mubadala.
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2nd August, 2022
On Monday, August 1, Mubadala made an offer to buy an additional 45% of Zamp SA, the master franchisee of Burger King, Domino’s and Popeye, among other fast-food restaurant brands in Brazil. The Abu Dhabi fund already owns 5% of the company, which it acquired in 2013 as part of Batista’s US$ 2 billion portfolio.
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22nd November, 2021
Brazil may consider relaunching its sovereign wealth fund, the Fundo Soberano do Brasil (FSB), after the establishment of two sub-national funds in the past two years.
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5th August, 2021
Infrastructure is dominant in the Brazilian portfolios of state-owned investors (SOIs), but there are tentative signs that they are seeking to diversify portfolios that are heavily oriented towards the Latin American country’s oil and gas industry.
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27th April, 2021
State-Owned Investors are being challenged over their role in buying up assets sold off by Brazil’s Bolsonaro administration amid mounting social and governance concerns and political polarization.
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3rd March, 2021
Canadian public pension fund Caisse de Depot et Placement du Quebec (CDPQ) has forged a 50:50 joint venture with Telefonica to forge a new Brazilian fribre option company.
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