WASHINGTON, DC – China’s investment in Brazil, the largest country in Latin America, has been growing by the year, largely under the radar of the United States, according to two experts.
Chinese foreign direct investment in Brazil grew 37 percent between 2010 and 2016, said Andre Soares, counselor at Inter-American Development Bank, at a discussion at the George Washington University’s Elliot School on Monday.
BK Brasil Operação e Assessoria a Restaurantes SA, operator of the Burger King fast-food chain in Brazil, will list an undisclosed amount of new shares on the country’s stock exchange, the latest in a year-long wave of initial public offerings.
According to a regulatory filing, controlling shareholders Vinci Partners Investimentos Ltda and BRL Trust Investimentos may sell shares in the offering, as may minority shareholder Sommerville Investments BV.
The investment banking unit of Itaú Unibanco Holding SA (ITUB4.SA) will be the lead underwriter, the filing said.
The Brazilian Mint - CMB is a non-dependent public corporation, incorporated under Law No. 5.895, dated June 19, 1973, linked to the Ministry of Finance, with legal personality under private law, and its capital is wholly owned To the Union. It has as its main activity, on an exclusive basis, the manufacture of paper money, metallic money and the printing of postage stamps, federal tax and federal government debt, as well as the production of Brazilian passports.