Highlights from Valor's print edition

12:00 AM (GMT -03:00) - Wed, Mar 11th 2020 MARKETSCompanies waiting for IPOs consider options Dual track process is alternative discussed; Caixa Seguridade, JBS and BR Distribuidora expected to postpone their offerings MARKETS M&A deals could be postponed or even undone if volatility stays high Market rout is still too fresh to scuttle deals, but prolonged turbulence could trigger performance clauses or postpone transactions COMMENTARY Cristiano RomeroFaria Lima has debt to democracy Many in São Paulo’s financial heart still believe Brazil needs an authoritarian regime POLITICSCongress postpones definition about budget AGRIBUSINESSSantander begins offering CBios bonds BUSINESSFiat embraces short-sea shipping to supply Pernambuco factory ECONOMYBNDES still owes explanations about transactions, TCU says BUSINESSIochpe-Maxion still optimistic about durable-goods demand BRIEFS Crisis, weak growth rekindles debate about BNDES role The economy’s weak performance and fears of a renewed crisis are rekindling inside and outside government the debate over whether the Brazilian Development Bank (BNDES) can be used as a relevant source of financing for private-sector investments. Started by the administration of former president Michel Temer and intensified under President Jair Bolsonaro, the quick retreat of the country’s biggest long-term lender is blamed for the weak growth of the last three years. The bank’s R$100 billion cash reserve is seen as an option to expand investment financing, working-capital loans, or roll over debts. Petrobras’s to keep up ongoing asset sales despite falling oil price Oi could sell mobile operation for good offer Nexoos to expand services to small, medium companies Insurers will have to disclose broker fees Economic team eyeing revenues, ruling out loosening spending cap Heineken to invest R$865m in Paraná plant Conab raises harvest forecast by 0.3% to 251.9m tonnes