Mergers and acquisitions fall 5% by 2020 in Brazil

The number of mergers and acquisitions in Brazil fell by 5% in 2020 compared to 2019, and the volume of these transactions fell by 32%, in the wake of the economic crisis caused by the new coronavirus pandemic in the country. The data are from the monthly bulletin of the Madrid-based consultancy Transactional Track Record (TTR). According to the survey, there were 1,549 transactions in 2020, at a total value of R$229.5 billion ($42 bn).

Source: Valor Investe

Extrema implements 2 MW waste gasification plant to generate energy

This month, the implementation of a thermochemical power plant, based on the gasification of solid urban waste, began in Extrema, Minas Gerais. With an investment of R$ 50 million ($9.3 mm), the plant will be able to treat 85 tons per day of solid waste generated daily by the city and from rubbish to be dug up from the municipal landfill. The plant’s installed capacity will be 2 MW and its energy will be injected into the grid to generate compensation credits for discounting Extrema’s public buildings.

Source: Energia Hoje

Brazilian e-commerce sales grew 154% during Christmas week, indicates Mastercard

According to a survey by Mastercard SpendingPulse, which measures consumer spending on all types of payment, including cash and cheques, Brazilian e-commerce sales during Christmas week from December 20 to 26, 2020 grew by 154% compared to the range 22 to 28 December 2019. The most prominent sales sectors were drugstores (213.1%), furniture (137%) and electronics (136.1%).

Source: Money Times

Engie to invest $407 mm in wind power in Brazil

Engie Brasil Energia, of the French group Engie, said it has signed a contract to purchase turbines to make viable a wind power generation complex in Rio Grande do Norte that will require investments of around R$2.2 billion ($407 mm). The company said in a statement that the agreement to supply wind turbines had been signed with Siemens Gamesa. The first phase of the so-called Santo Agostinho project will have an installed capacity of 434 megawatts.

Source: 6 Minutos

Brazil has lost on average 17 factories per day in the last six years

Ford’s decision to close its plants in Brazil highlighted the process of deindustrialization underway in the country. For six consecutive years, since the recession began in 2014, Brazil has seen the number of industries in the country fall. Last year, 5,500 factories closed down. In all, between 2015 and 2020, 36,600 plants were shut down. This is equivalent to almost 17 industrial plants exterminated every day.

Source: UOL Economia