Seven Brazilian Companies Among World’s Top 500

Products of Brazil's Ambev Seven Brazilian companies appeared among the 500 largest open capital companies in the world, in a list disclosed last week by British newspaper Financial Times (FT). The highest positioned Brazilian firm is state-controlled oil company Petrobras, in 50th place.

The position of the companies varies according to the total value of shares traded on the stock market. Only companies with 15% or more of their shares floated are included in the list, which is at its 11th edition.

The Brazilian company with the greatest stock market value, according to the British newspaper, is Petrobras, which was in the 50th position, two below its position in 2006, with a capital of US$ 105.9 billion.

The second Brazilian company in the list is mining group Vale do Rio Doce (74th, against 117th in 2006), with a stock market capital of US$ 86.1 billion.

In the third and fourth position among Brazilian organization are banks Bradesco (205th) and Itaú (208th). Bradesco remained in the same position as it was last year while Itaú climbed from the 222nd position.

Beverage company Ambev, on the other hand, climbed to the 244th position, from the 266th in 2006. The Bank of Brazil also climbed, from 362nd in 2006 to 331st this year.

The last Brazilian company on the list is Itausa, the controller of Itaú bank. The company debuted in the list, in the 487th position.

Tags:

You May Also Like

Brazil’s Artefacto Furniture Takes International Road

The Artefacto chain of stores, with offices and factory in the state of São ...

Brazilian Groups Blame US Nun Murder on Lax Law

Protests are taking place all over Brazil against the killing of Sister Dorothy Stang ...

Sea for the Well-off

Mardoqueu is made out of fine French bread dough. White and lean like a ...

After the Fall of 4 Ministers in 2 Months Brazilians Wonder Whose Head Will Roll Next

Brazil’s minister of Agriculture, Wagner Rossi, sent a letter of resignation to president Dilma ...

Brazil Wants Light for All Completed by 2009 Instead of 2015

The Brazilian Association of Electric Power Distributors (Abradee) calculates that the electric sector will ...

Brazil Amazon’s Expedition Tries to Prevent Extinction of the Manatee

A expedition that has been studying the situation of the Amazon manatee (Expedição Peixe-Boi ...

In Brazil, Agribusiness Is Down But Meat Exports Are Up

Meat exports rose 10.7% in Brazil, in January, compared with the same month of ...

Hollywood Gets Alive With Beth Carvalho and the Sounds of Brazil

The last weekend in June the Ford Amphitheatre, in Hollywood, California, resonates with the ...

Americans and Brazilian Immigrants Flock South in Search of Brazilian Dream

Brazilian immigrants are returning home to a bustling economy that offers better financial opportunities ...

Brazil’s Backstage Efforts to Push Belo Monte Through

Following judicial battles that left at least two court injunctions overturned, the April 20 ...