The Brazilian company has announced the sale of its stake in a joint venture providing cancer treatment services in Saudi Arabia. The business was sold for USD 6.5 million.
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Tawazun Council for Defence Enablement signed a deal with the Brazilian planemaker for a firm order of 10 planes and an option to purchase 10 more.
The increase in sales to the Middle East, particularly to Arabs, is a ‘pleasant surprise’ for the Brazil’s largest coffee farmers cooperative.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
