Bolsonaro emerges as risk factor for Brazil IPO pipeline [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
offerings (IPOs), but Brazilian companies have started to flag a new risk: political upheaval from far-right President Jair Bolsonaro. Cosmetics maker Coty and retailer Cencosud's Brazilian units included the risk of a presidential impeachment in their recent offering prospectuses, while Coca-Cola Co's distributor Solar Bebidas SA cautioned about turmoil ahead of the 2022 presidential elections. Five strains helping me through the pandemic Advertisement Advertisement Article content Bolsonaro's recent confrontation with Brazil's Supreme Court amid an economic crisis has raised fears over the country's reform process and threatens to poison the environment for 25 IPOs-in-waiting, which – added to this year's 44 listings so far – would break Brazil's record for IPOs. Last week, Bolsonaro toned down his fight with the country's top court, which authorized probes of him and his allies based on allegations that they had attacked Brazil's democratic institution. But market p
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