SoftBank to close two deals in Brazil next week

Saturday, 21. September 2019 08:30

The pace of investment growth in Latin America is incredible, SoftBank Group Corp.'s Andre Maciel said. The company's Brazil chief revealed forty domestic companies are under assessment for the room for expansion and that it could lead to financing deals. He added two agreements should be announced next week in the world's ninth-largest economy and that a big investment can be expected in two weeks. The executive cited barriers to raising capital in Brazil.

The Japan-based conglomerate has stakes in eleven big technology firms in the region including Inter, QuintoAndar, Creditas, Gympass and Rappi. The last one, which started with delivery, could turn to providing loans, Maciel claimed.

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