Brazil

Brazilian fintech AGI debuts on the NYSE, raising $240 million. This listing occurs as the Dow Jones Industrial Average surpasses 50,000, indicating strong market activity and investor confidence in Brazilian digital finance. The successful IPO highlights the growing international appeal of Latin American fintech innovations. Meanwhile, Scotts Miracle-Gro celebrates its 30th NYSE anniversary. AGI plans to use the capital for expansion and technological advancements, with its performance closely monitored as a potential indicator for other regional fintechs.

Itaú Unibanco will release its 4Q25 and full-year 2025 earnings on February 4, 2026. An interactive investor call, in both Portuguese and English, will follow on February 5, 2026. Executives including CEO Milton Maluhy and CFO Gabriel Amado de Moura will discuss performance, strategy, and outlook. Investors can register and access materials on the Investor Relations website. The call will offer insights into credit growth, digital transformation, and macroeconomic trends.

ASUR, a leading Latin American airport operator, is acquiring Companhia de Participações em Concessões (CPC) from Motiva for approximately US$936 million (equity value). This acquisition marks ASUR’s entry into Brazil, Latin America’s largest aviation market, and adds 20 airports across Brazil, Ecuador, Costa Rica, and Curaçao to its portfolio. The strategic move is expected to add over 45 million passengers to ASUR’s existing traffic. The deal, financed through existing cash and debt, is subject to regulatory approvals and is expected to close in the first half of 2026.

Chinese electric vehicle (EV) manufacturers like BYD and Great Wall Motor are rapidly gaining market share in Brazil, driven by affordable EVs and a strategic focus on emerging markets. In 2024, EV imports from China surged. BYD has established a major production facility in Brazil, and others are following suit. While benefiting consumers and driving EV adoption, the influx raises concerns about job losses and has led to reintroduced import tariffs. However, Chinese automakers remain committed to the Brazilian market, aiming to shape consumer preferences and drive long-term EV growth.

On October 9, 2025, Afya Limited announced a R$1,500 million commercial note issuance by its subsidiary, Afya Brazil, via private placement with Opea Securitizadora S.A. The notes, divided into two series maturing in 2028 and 2030, are secured by subsidiary guarantees and offer interest rates pegged to the Brazilian interbank deposit rate plus a spread. Afya intends to use the proceeds to potentially redeem existing debentures, repurchase convertible preferred shares, and for general liability management, aiming to optimize its debt profile and fund strategic initiatives.

Pacific Bay Minerals is raising up to $2 million through a non-brokered private placement of 20 million units to fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. Additionally, the company is seeking to extend the expiry of 7.3 million warrants and has appointed Elton Pereira as country manager for Brazil.

GoldMining Inc. has entered an earn-in agreement with Australian Mines Limited for its Boa Vista Project in Brazil. This deal allows AUZ to acquire up to an 80% interest, potentially yielding GoldMining $7 million in cash and equity. This strategic move enables GoldMining to focus on its flagship São Jorge Project while retaining a carried interest and equity in AUZ for the Boa Vista Project’s future success.