Inovativa Brasil expands service and will accelerate 400 startups

InovAtiva Brazil programme will select 400 technological startups with innovative solutions from all over the country for the acceleration cycle 2021. The goal is that, by the end of 2021, the program will accelerate up to 800 startups from the validation, operation and traction stages. The chosen companies will be trained through mentoring with market experts and pitch training. The acceleration cycle – is one of InovAtiva Brazil’s innovations to support the strengthening of the innovative entrepreneurship ecosystem in the coming years.

Source: Anprotec

Carrefour announces the purchase of Big Brasil Group for $1.3 bn

By completing the purchase of BIG (formerly Walmart) for R$7.5 billion ($1.3 bn), Carrefour should become the sole leader in Brazilian food retail. The combination of the two businesses should result in a company with a potential revenue of R$100 billion, almost three times that of GPA, owner of Pão de Açúcar and Extra. By buying the number 3 in the sector, Carrefour completely detaches itself from the other operators, especially if one considers Assaí’s split from GPA’s multivarejo.

Source: 6 Minutos

Engevix’s owner gets ISO anti-bribery certificate

Nova Participações, the holding company of Nova Engevix (current name of the former Engevix Engenharia) has just obtained the international standard ISO 37001, valid as an international anti-bribery certificate. The expectation of the holding is that the certification opens the doors of business for its controlled companies, once it works as a good governance label.

Source: Energia Hoje

Joint Venture between BASF and Bosch is approved by Cade

The Administrative Council for Economic Defense (Cade) has approved without restrictions the joint operation of BASF Digital Farming and Bosch for the commercialisation of intelligent agricultural solutions in Brazil. The Joint Venture (JV) agreement was signed by the two companies in November 2020. The operation is considered another important step towards digitalisation in agriculture. The combination between the technologies will bring smart spraying and planting solutions resulting in optimisation, sustainability and greater profitability for the producer.

Source: Portal do Agronegocio

Petrobras board approves refinery sale for $1.65 bn

The board of directors of Petrobras on Wednesday approved the sale of the Landulpho Alves Refinery (Rlam) and its associated logistics assets, in Bahia, to Mubadala Capital, for $1.65 bn, the company said in a fact to the market. The company also said that the Rlam refinery will be the first among the eight that are in the sale process to have the contract signed. In the ongoing divestment process, the company seeks to get rid of about half of the country’s refining capacity.

Source: R7 Economia