Brazil as we all know has been through a long and major recession. The economy is now recovering. Household spending is increasing. Brazil is still wary of foreign companies who entered their economy but did not deliver. In fact the Brazilian Labour movement was strongly of the opinion that foreign capital had no interest in Brazil and its peoples.It was simply focused on its get in get out profit motivation.
So how positive it is to read this quote from the Hartley's report on its analysts visit to the AVB sites in Brazil.
"Although ASX listed, AVB is very much a Brazilian company with virtually all of its executive team located in the country and speaking the language"
Consider how significant that has been through the approval processes especially Louis' current responsibilities right now. This is a great story!
Brazil as we all know has been through a long and major...
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