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Toledo, a 78-year-old economist who holds a doctorate from Stanford University, governed the Andean nation between 2001 and 2006. Peruvian former President Alejandro Toledo was convicted of taking bribes from Brazilian construction giant Odebrecht and sentenced to 20 years and six months in prison on Monday. During the year-long trial, Toledo denied the money-laundering and collusion charges. The sentence was announced in a room set up in a small Lima prison where Toledo has been detained since last year. Prosecutors relied on testimony from former Odebrecht executive Jorge Barata as well as Toledo's ex-collaborator Josef Maiman, who said Toledo received bribes.
Persons: Alejandro Toledo, Roberto Su, Toledo, Pedro Castillo, Pedro Pablo Kuczynski, Ollanta Humala, Jorge Barata, Josef Maiman Organizations: Stanford University, Odebrecht Locations: Lima , Peru, Brazil, Toledo, Peruvian, Lima, United States, Peru
Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai Acquire Licensing RightsSAO PAULO, Nov 9 (Reuters) - Brazilian petrochemical producer Braskem (BRKM5.SA) on Thursday said Abu Dhabi oil company ADNOC (ADNOC.UL) has presented a new non-binding offer to buy conglomerate Novonor's stake in the firm. The petrochemical company cited a letter exchange with Novonor in its filing. The conglomerate would be granted a minority stake of up to 3% in Braskem following the deal, Braskem added. ADNOC had previously presented a joint cash-and-debenture offer alongside U.S. asset manager Apollo (APO.N) for Braskem, with other bidders for the firm including Brazil's Unipar Carbocloro (UNIP6.SA) and J&F.
Persons: Toru Hanai, Braskem, ADNOC, Folha de S.Paulo, BTG, Pedro Soares, we're, Brazil's Unipar, Gabriel Araujo, Steven Grattan, Tomasz Janowski, David Evans Organizations: REUTERS, SAO PAULO, Petrobras, PETR4, Novonor's, Sao Paulo, Novonor, Folha de, ADNOC, U.S, Apollo, Thomson Locations: Gastech, Chiba, Japan, Abu Dhabi, Sao, Braskem
Mubadala raises stake in Brazilian ethanol producer Atvos
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: 1 min
SAO PAULO, Oct 20 (Reuters) - Abu Dhabi state investor Mubadala Capital raised its stake in Brazilian ethanol producer Atvos, the latter said on Friday. Mubadala, through investment fund FIP MC Green, acquired the stake owned by Grupo Novonor, formerly known as Odebrecht, in the holding company that controls Atvos, representing about 6.85% of the firm's equity. Mubadala already had a direct stake of 31.5% in Atvos. In a statement, the sugarcane ethanol producer said it also aims to enter new markets, such as corn ethanol; biomethane from vinasse and sugarcane straw, in addition to producing sustainable aviation fuel. Reporting by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Atvos, Green, Mubadala, Peter Frontini, Leslie Adler Organizations: SAO PAULO, Mubadala, FIP, Grupo Novonor, Thomson Locations: Abu Dhabi, Atvos, vinasse
Lula departs for China this weekend, but many executives and lobby groups have traveled ahead of the president, government officials said. JBS representatives said the company aims to bolster commercial ties with China, a key trading partner. In a statement, ABPA said they are seeking recognition from Beijing that Rio Grande do Sul and Parana are free of foot-and-mouth disease without vaccination, in order to export pork with bones and pork offal. China buys 44% of Brazil's pork exports by volume and around 14% of its chicken exports, according to ABPA data for the first two months of 2023. Some 62% of Brazil's beef exports went to China last year.
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