Brazil property boasts 23 of Latin America's 50 biggest companies, and four of the top ten are headquartered in the country, a study by consulting firm Economatica said Tuesday.
Total revenues of the 23 Brazilian property companies in the ranking equal to 299.5 billion U.S. dollars, up 39.6 per cent from the study held in 2006, according to Economatica.
The ranking also involves 16 Mexican companies (decrease from 19 in 2006), six Chilean companies and three Argentine companies.
In terms of revenue, the oil and gas sector was the major segment on the list, with a total worth of 131.5 billion dollars, followed by the telecommunications sector, with 87.8 billion dollars.
The three biggest Latin American companies in terms of revenue were Petrobras (oil and gas, Brazil), with 96.3 billion dollars; Vale (mining, Brazil property), with 36.56 billion dollars; and America Movil (telecom, Mexico), with 28.54 billion dollars.
The top ten also included Brazil's steel producer Gerdau, energy supplier Eletrobras, as well as Mexico's cement maker Cemex, retailer Wal Mart Mexico, beverage maker Femsa, oil and gas company Copec and telecommunications company Telmex.
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