Vehicle distributors in Brazil expect a 16% growth in sales this year, after registering the highest monthly licensing volume of 2020 in December, according to Fenabrave data. The entity’s projection for sales of new cars and light commercials this year is up 15.8%. For roads the forecast is for expansion of 21.7%, for buses the projection is for growth of 8.2%.
Source: Folha
Category: Business
Information regarding the business sector
MG should have investments of $2.5 bn in transmission, says EPE
With the high attractiveness for the implementation of photovoltaic plant projects in the northern region of the state of Minas Gerais, EPE recommends that R$ 13.3 billion ($2.5 bn) be invested in transmission by 2031 to expand the energy flow capacity of the National Interconnected System (SIN) from the northern part of Minas Gerais to the main load centres in the southeast region.
Source: Energia Hoje
Equatorial obtains funding of $430mm with BNDES
Equatorial Energia reported that its subsidiaries Equatorial Maranhão Distribuidora de Energia and Equatorial Pará Distribuidora de Energia obtained approval from the National Bank for Economic and Social Development (BNDES) for funding of R$2.150 billion ($430 mm). The amount will be earmarked for the investment plan for the years 2021 to 2023.
Source: Infomoney
BR Distribuidora receives $7 mm from Eletrobras
BR Distribuidora said it received approximately R$34.5 million ($7 mm) from Eletrobras. The amount is related to the 32nd instalment of ICDs (Debt Instruments) that the fuel distribution company signed with the electric company and its energy distributors.
Source: Money Times
BDMG issues $50m in sustainable bonds and debut among public banks
The Development Bank of Minas Gerais (BDMG) became the first Brazilian public bank to issue so-called sustainable securities, which are debt securities intended to finance environmental and/or social projects. The transaction was carried out on the New York Stock Exchange for $50 million, and the securities were acquired by IDB Invest.
Source: 6 Minutos
Itaipu reaches 75.6 million MWh
Last Sunday, the Itaipu hydroelectric plant reached the 75.6 million MWh mark produced in 2020, which corresponds to the so-called binding energy. The amount is required to be produced by the company, through contracts under the agreement between Brazil and Paraguay.
Source: Energia Hoje
Energias do Brasil acquires 40% of Blue Sol
Energias do Brasil said it had signed, through its subsidiary EDP Ventures, an investment agreement in Blue Sol, which owns Blue Sol Energia Solar, Blue Sol Franquia and Blue Sol Educacional. EDP acquired a minority stake of up to 40% of Blue Sol’s voting share capital. The agreement allows the company to acquire control three and a half years after the transaction is completed.
Source: Money Times
Petrobras claims compensation of $160 mm from Odebrecht
Petrobras said it requested compensation, through arbitration, of approximately R$800 million ($160 mm). The state-owned company claims there has been a violation of shareholders’ terms relating to Braskem petrochemical company.
Source: Folha
CCR will receive $71 mm in additive from Confins airport concession
CCR has announced that it has signed an additive to the concession contract for Confins airport (MG), through which it may receive up to R$ 352 million ($71 mm). The additive, agreed with Anac, with the intervention of Infraero, provides that BH Airport, CCR, will immediately receive R$ 33.25 million ($6.6 mm), related to works.
Source: Reuters
Online retail bills 45% more at Christmas 2020
Brazilian retail online sales grew 44.6% at Christmas 2020 compared to the same date in 2019, according to a survey conducted by EbitNielsen. In all, sales between December 10 and 24 totalled R$ 3.76 billion ($752 mm). In the same period last year, sales through online channels had been R$ 2.6 billion ($520 mm).
Source: Infomoney
