Mitsui in Talks to Build Brazilian Yard

Valor Economico, the Brazilian newspaper, has reported that Mitsui & Co is in talks with three Brazilian construction companies and Brazil’s state development bank to build a shipyard in the country. According to the report, Japan’s second biggest trading company is talking to Rio de Janeiro-based bank BNDES, suggesting that the latter take a minority stake in the shipyard, which would also have as shareholders Brazilian construction groups Camargo Correa, Andrade Gutierrez and Odebrecht. The paper cited Darc Costa, the bank’s vice president.