New Irish firm considers investment in Brazil
Date added: 11th February, 2010 at 13:51
(view all articles from February, 2010)
Categories: Natural Resources
A new financial company in Ireland is considering making an investment in Brazil.
Advisory company Elkstone Capital is based in Ireland but is looking to make international deals, with an investment in Brazil a possibility, reports the Irish Independent.
Chris O'Connell, chief executive officer at Elkstone Capital, said the company was exploring its options.
He said: "There's as much a chance of us doing a deal in Brazil as in Ireland."
Elkstone Capital is interested in deals in the energy sector and with the Latin American country one of the world's leading oil and biofuels producers, making an investment in Brazil could be a good move for the company.
It is a good time to consider making an investment in Brazil as the country's economy is currently one of the quickest developing in the world, with the International Monetary Fund predicting 4.7 per cent growth during 2010.
With the World Cup in 2014 and the Olympic Games in 2016 both to be held in Brazil, tourism revenue in the country is set to increase.
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