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Article: WorldVest to Launch Brazilian Merchant Banking Subsidiary.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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WorldVest, Inc. (OTCBB: WOVT), a global merchant bank ("WorldVest"), announced the incorporation of a wholly owned Brazilian operating subsidiary, WorldVest Brasil, Ltda., which will immediately assume all current WorldVest Merchant Banking and Finance initiatives within Brazil.
With the recent announcement of Rio de Jianero as the home of the 2016 Olympics, combined with the country's proven economic resiliency in the face of the global recession, WorldVest sees a significant opportunity to participate in Brazil's growth over the next decade and beyond. Brazil's Finance Minister, Guido Mantega, predicted that the hosting of the 2016 Olympics will spur economic ...