Hello! This week’s issue: the most important facts of the week. How markets performed. Companies are still skeptical about Brazil’s economic outlook. The growing market concentration of Brazil’s air transportation.
The week in review
Venezuela. For the past few days, Venezuela has been engulfed by even more turmoil and uncertainty—as forces opposing President Nicolás Maduro staged a botched coup and Caracas saw waves of violent protests. With the opposition calling for a general strike next week, the country seems to be edging closer to a civil war. Which could have severe consequences for Brazil—including a bigger inflow of migrants, a flee of investors who would see South America as an unreliable bet, and the potential of placing Brazil between its two largest trading partners, China and the U.S.—which are on opposite sides of the issue.
M&A. Retailer Magazine Luiza announced its intention to acquire online sportswear retailer Netshoes for USD 62m (USD 2/share). A KPMG report to the U.S. Securities and Exchange Commission raises serious doubts about Netshoes’ “operational continuity”—which should force stakeholders to accept the deal, despite share prices being way below their levels on the stock exchange.
Economy....