World Cup Connection Helps Mills Beat Bovespa: Corporate Brazil

Stock investors searching for ways to take advantage of Brazil’s construction boom in the run-up to next year’s World Cup and the 2016 Summer Olympics are turning to a little-known supplier of scaffolding and concrete forms.

Mills Estruturas & Servicos de Engenharia SA, a Rio de Janeiro-based company that was left off the Bovespa benchmark of 69 stocks following its 2010 initial public offering, has soared 66 percent over the past year to 33.09 reais. The rally compares with the Bovespa’s 0.7 percent decline and a 21 percent advance in the country’s small cap index, which includes Mills.