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
Russia emerges as the world’s leading importer of Chinese cars
Russia has emerged as the world’s largest importer of Chinese cars, according to data from the China Association of Automobile Manufacturers (CAAM) and the official Global Times newspaper. In the first five months of 2023, Russia imported approximately 287,000 Chinese cars, surpassing other countries in import volume. The growing presence of Chinese automakers in Russia […]
Lula’s Green Auto Investment in Brazil
Brazil’s President Lula da Silva has launched a groundbreaking initiative targeting an eco-friendly transformation of the nation’s auto industry. He announced an investment of 41 billion reais (about $8.2 billion), focusing on advancing green technology, including producing hybrid and electric vehicles. This announcement was made at Volkswagen’s Sao Paulo headquarters, underscoring a major move towards […]
