Petroleo Brasileiro SA, the world’s most indebted oil company, said it initiated an internal audit into allegations of contract irregularities with SBM Offshore NV after documents were leaked on the Internet.
ALL-America Latina Logistica SA, Brazil’s largest railroad operator, jumped the most since 2008 as Valor Economico reported that it was close to an agreement to merge with Cosan SA Industria & Comercio’s Rumo Logistica SA.
Cia. Energetica de Minas Gerais, Concessionaria do Aeroporto Internacional de Guarulhos SA, Oi SA, Ouro Verde Locacao e Servico SA, Santo Antonio Energia SA and Ultrapar Participacoes SA are among issuers that plan to sell bonds in Brazil’s debt markets.
The Ibovespa climbed the most in a week as commodity producers including iron-ore producer Vale SA rallied after a report showing imports increased more than forecast in China eased concern that global growth is slowing.
ALL - America Latina Logistica SA, Brazil’s largest railroad operator, rallied the most since August after newspaper Valor Economico said the company may restart merger talks with Cosan SA Industria & Comercio.
Brazilian President Luiz Inacio Lula da Silva requested a group of ministers and aides prepare a bill to toughen laws on foreign ownership of land, Valor Economico reported, citing Agrarian Development Minister Guilherme Cassel .
Cosan SA Industria & Comercio plans to expand sugar-cane proccessing capacity to between 100 million metric tons and 110 million tons in the next few years, Valor Economico reported, citing Chairman and founder Rubens Ometto .