Brazil Fuel Scheme Crackdown Sparks Rally in Distributor Shares

UGPA3:BZ,VBBR3:BZ,2586901D:US,RAIZ4:BZ,SHEL:LN,CSAN3:BZ,MCO:US,1836142D:BZ

emerging-markets,brics,consumer-discretionary,tax-evasion,megacity,government,environment,greener-living

Barbara Nascimento

Raphael Almeida

Company Overview

Brazil Police Crack Down on $9.6 Billion Fuel Scheme (3)

Drug Gang Sells Brazil Gas in Sophisticated Bid to Wash Profits

Bloomberg Profile

Operations targeted organized crime, tax fraud in the fuel sector in Brazil

Shares of Ultrapar and Vibra Climb Since Police Crackdown

Brazil’s Refit Denies Tax Evasion, Says All Taxes Duly Declared

Growing Debt and Management Changes Shake Brazil’s Raízen (1)

Moody’s Cuts Brazil’s Raízen to Junk on Rising Debt Levels (1)

Brazil

Tax Evasion

Rio de Janeiro

Government

Environment

Media

Debt

Markets

Finance

Great Britain

Energy

Greener Living

Europe

Emerging Markets

Americas

BRICS

Fixed Income

Bonds

Megacity

Futures Markets

Consumer Discretionary

United States

Commodity Futures

Media and Entertainment

United Kingdom

A sweeping crackdown on organized crime in Brazil’s energy sector is helping the country’s fuel distributors claw back business from illegal operators, sending their stock prices soaring.

Shares of Ultrapar and Vibra Climb Since Police Crackdown | Operations targeted organized crime, tax fraud in the fuel sector in Brazil

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