Brazilian bank finances B2W growth

10 Jul 2014
Brazil's development bank (BNDES) announced it has approved financing of US$657 million for B2W Companhia Digital, one of the leading e-commerce companies in the country.The bank said the loan will fund 60 percent of projects for the company, which plans to use the money to implement distribution centers and to improve logistics, information and communications technology (ICT) by 2015.With

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.