Although the trade links between Asia, especially China, and Latin America are now well established there has been little activity at corporate level between the two regions. That is beginning to change.
Last month, Sinochem, a Chinese state-owned oil company, bought a $3 billion stake in a Brazilian offshore oil field. The field is owned by Norway’s Statoil and marks the first big energy investment made by the Chinese in Latin America’s biggest economy.
Bankers believe there will be more similar transactions this year.
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