P&G may invest in Brazil
US firm Proctor & Gamble may be on the verge of investing a significant amount of money in Brazil, it has been claimed.
According to Bloomberg, Valor Economico reported that executives at the company had hinted that it might invest $1 billion (£508 million) in the country.
The news provider said its sources suggested the company, which manufactures a variety of consumer goods, was looking to expand with the construction of a new factory in Rio de Janeiro.
However, the company’s office in Brazil has yet to comment on whether the proposals are likely to go ahead.
In related news, Bloomberg recently reported that American retailer Wal-Mart plans to invest $693 million in Brazil over the course of this year.
Hector Nunez, head of the company’s Brazilian operations, said that the "fundamentals" of the country’s economy were "very clear" and that the firm was "very optimistic" about the potential for growth.
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