Business

Brazil For Sale: foreign companies snapping up Brazilian assets

brazilian assets infrastructure
Chinese investors eye Brazilian infrastructure. Photo: JorgeWoll.

Brazil is still struggling to recover from its worst recession on record, the full effects of which will only become clear several years down the line. The currency has devalued significantly, and despite a recent rally, the Real has slipped 16 percent against the U.S. Dollar in the last year. A weaker Real causes all sorts of problems at home, not least provoking the ire of consumers who have seen their hard-earned salaries become worth less and less as the years go on.

Another knock-on effect of this, however, has been that it has become a...

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