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Brazil
02 March 2023

EDP launches EUR 1 billion capital increase to gain full control of EDP Brasil
EDP wants to buy the 44% of EDP Brasil that it does not control and to finance the offer it is preparing a capital increase of EUR 1 billion, 600 million of which will come from its largest shareholders, including the biggest, China Three Gorges.
13 February 2023

China’s central bank sets up yuan clearing arrangements in Brazil
China's central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, in a move to help boost the currency's global clout.
19 January 2023

Brazilian fintech backed by China’s Tencent gets USD 150 million loan to expand in Latin America
Nubank, the Brazilian fintech backed by China’s Tencent Holdings, secured a loan of up to USD 150 million from the International Finance Corp, the private lending arm of the World Bank, to grow its business in Latin America.
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