MAM Asset Management has struck a game-changing deal to take over Dia Brasil from Spain’s Grupo Dia. The Brazilian supermarket chain has been under judicial reorganization since March. Although the financial details remain undisclosed, the deal holds significant promise. MAM Asset, part of São Paulo-based Investment Bank Banco Master, established a fund to acquire Dia […]
Related Posts
Colombia’s Ecopetrol Stock Plummets 67% from 2012 Peak
Ecopetrol, Colombia’s state-owned oil giant, has experienced a dramatic 67% decline in its stock value on the Colombian Stock Exchange (BVC) since its 2012 peak. This sharp drop has raised concerns among investors and analysts. The company’s stock market journey began in November 2007 on the BVC, with an initial price of 1,400 Colombian pesos. […]
Macau Bank Earnings Drop by Half in 2023
In 2023, Macau’s banks saw profits drop to MOP 6.14 billion (EUR 701.3 million), a 53.5% decrease from the previous year. The Monetary Authority of Macau (AMCM) cites the tough last quarter as the primary cause. Banks lost MOP 4.09 billion (EUR 467.6 million) during this period. Initially, the banks had a promising year, with […]