Reported 4 months ago
A Brazilian investment firm backed by Marcelo Claure is in talks with Saudi investors to launch a $600 million fund targeting Brazil's climate and energy sectors. EB Capital Gestao de Recursos Ltda, led by Eduardo Melzer, plans to raise half of the fund from Saudi Arabia to facilitate Saudi investors' entry into the Brazilian market. The move reflects mutual interest between Brazil and Saudi Arabia in expanding trade ties and investment, with Saudi Arabia seeking to diversify its economy and reduce emissions, while Brazil aims to attract capital for energy transition and agriculture projects.
Source: YAHOO