
Mubadala-Backed Atvos Mulls Bid for Raizen Sugar Mills
Atvos, a Brazilian ethanol and sugar producer backed by Mubadala Capital, is among companies considering bids to acquire three sugar mills from Brazil's Raizen SA, according to people familiar with the matter.
Raizen, a joint-venture between Shell Plc and Cosan SA, hired Banco Itau BBA for the sale, according to one of the people. The mills are located in the Brazilian state of Mato Grosso do Sul.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
UnitedHealth Group considers bids to divest Latin American unit
US health insurer UnitedHealth Group is considering multiple bids to offload its operations in Latin America, reported Reuters, citing sources. The insurer has been attempting to divest its Latin American assets since 2022, following losses exceeding $8bn in the region, the report said. The news agency further noted that the urgency to sell its subsidiary Banmedica, which operates in Colombia and Chile, has intensified in recent months due to financial pressures on multiple fronts. The company has already exited its operations in Brazil and Peru and is now focusing on securing a deal for its Colombian and Chilean operations. Currently, UnitedHealth has received four non-binding bids for Banmedica, estimated at around $1bn. The bidding entities are Acon Investments, Patria Investments, Christus Health and Auna from Lima. Auna is reportedly in discussions with a financial partner to strengthen its bid. UnitedHealth acquired Banmedica in 2018, with then-CEO David Wichmann expressing a long-term vision for growth in South America. However, the insurer decided to withdraw from the region three years later due to losses, particularly from its Brazilian operation, Amil. Despite Banmedica being profitable, with earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than $200m, it is deemed too small for UnitedHealth's interests. Brazilian investment bank BTG Pactual is said to be advising UnitedHealth on the sale process. UnitedHealth expects to set a deadline for binding proposals for Banmedica by July, as it seeks to streamline its operations and focus on more profitable markets. The company bounced back to profitability in the first quarter of 2025, with net earnings of $6.4bn, compared with a net loss of $1.2bn in the same period a year ago. Stephen Hemsley took over the role of group CEO from Andrew Witty in May. "UnitedHealth Group considers bids to divest Latin American unit " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
21 hours ago
- Yahoo
PagSeguro Digital Ltd. (PAGS): A Bear Case Theory
We came across a bearish thesis on PagSeguro Digital Ltd. (PAGS) on Quipus Capital's Substack. In this article, we will summarize the bears' thesis on PAGS. PagSeguro Digital Ltd. (PAGS)'s share was trading at $8.78 as of 6th June. PAGS's trailing and forward P/E were 7.23 and 6.56 respectively according to Yahoo Finance. Photo by Clay Banks on Unsplash PagSeguro Digital Ltd. (PAGS) operates as a Brazilian payment processor with a core business model built around receivables discounting rather than payment processing itself. While many assume that PAGS earns margins on payment transactions, the reality is that most of the take rate is paid out in interchange and transaction fees, leaving processing effectively commoditized. The real profit engine is in advancing payments to merchants on credit card sales in exchange for a 2% monthly discount fee, amounting to annualized rates of 25–30%, with minimal risk, as receivables are guaranteed by banks or card networks. This business is especially viable among micro and small merchants, who lack access to traditional credit. However, the company's growth is constrained by a saturated market; PAGS now grows in line with Brazil's GDP plus inflation, and its receivables remain capped at roughly 30–35% of TPV. Further, the looming launch of PIX Parcelado threatens to disrupt the receivables model, allowing banks to offer credit-based instant payments that bypass PAGS entirely on the lucrative discounting side. Although PAGS could theoretically expand into other lending products, it lacks both the scale and risk infrastructure to compete with Brazil's established banks. In a best-case scenario, PAGS maintains current spreads, leverages its low-risk balance sheet, and grows EPS via share buybacks. At a 7x P/E, the stock could deliver a 14% return from buybacks alone, with 5–7% BRL-denominated growth on top. Yet, investors must weigh this against significant structural risk, particularly from PIX, and limited runway for long-term business expansion. Previously, we summarized a on Block, Inc., highlighting its evolution into a vertically integrated fintech ecosystem spanning consumer finance, business services, and AI-powered infrastructure, supported by scale advantages in Cash App and Square, improved profitability, and underappreciated assets like Tidal. Together, these theses capture a broader fintech divide: one leaning into innovation and ecosystem synergy to unlock durable value (Block), the other constrained by structural ceilings and rising platform risk (PagSeguro). PagSeguro Digital Ltd. (PAGS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held PAGS at the end of the first quarter which was 36 in the previous quarter. While we acknowledge the risk and potential of PAGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
New Fortress Energy Inc. (NFE): A Bull Case Theory
We came across a bullish thesis on New Fortress Energy Inc. (NFE) on TheOldEconomy Substack. In this article, we will summarize the bulls' thesis on NFE. New Fortress Energy Inc. (NFE)'s share was trading at $2.55 as of 2nd June. NFE's trailing and forward P/E were 8.99 and 212.77 respectively according to Yahoo Finance. An agricultural field full of solar panels, capturing the sun's energy for the company. New Fortress Energy (NFE) recently experienced a sharp decline in its share price and bond values following a disappointing Q1 2025 report, which showed a significant net loss and a drop in revenue. The company's 2026 bonds fell 28%, trading at about 57 cents on the dollar and offering a yield to maturity exceeding 50%, while the 2029 bonds dropped 42%, presenting a more speculative but potentially lucrative investment opportunity. Despite operational challenges, especially in Puerto Rico where political and regulatory resistance has stalled key growth projects and delayed payments, NFE holds promising assets such as the near-complete Nicaraguan power plant and expanding Brazilian LNG operations. The company plans to sell its Jamaican assets for approximately $1 billion, helping to improve liquidity. Management aims to shift debt from unsecured corporate borrowings to project-level financing secured by long-term contracts with investment-grade counterparties, potentially reducing corporate leverage and refinancing the debt at more favorable terms. The 2026 notes appear well-covered, with sufficient liquidity, expected asset-sale proceeds, and adjusted EBITDA to meet obligations, making default unlikely. Conversely, the 2029 bonds, while senior secured, carry more risk due to their subordinate position and ongoing refinancing uncertainties. However, these bonds offer significant upside if NFE successfully repays the 2026 debt and stabilizes its operations, with a risk-reward ratio favoring speculative investors willing to accept potential haircuts in exchange for large returns. Overall, the investment thesis rests on NFE's ability to execute asset sales, secure contract renegotiations, and refinance debt amid political and operational headwinds, making the 2026 bonds a hold-to-maturity play and the 2029 bonds an opportunistic, high-risk trade. Previously, we have covered NFE in March 2025 wherein we summarized a by Unemployed Value Degen on Substack. The bullish thesis on New Fortress Energy highlighted strong EBITDA growth, debt reduction through asset sales, and political shifts in Puerto Rico, supporting a near-term share price target of $30 and longer-term upside. New Fortress Energy Inc. (NFE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held NFE at the end of the first quarter which was 34 in the previous quarter. While we acknowledge the potential of NFE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.