Merger and acquisition deals amounted to R$84 billion in the first half, the highest level for the period since 2010, compared with R$54.3 billion in the same period of 2017. But it was still down 38.5% from the same months of 2017 in volume terms, according to the Brazilian Financial and Capital Markets Association (Anbima). Suzano’s R$47.7 billion bid for Fibria, the biggest deal in Brazil since 2008, ended up inflating the total as the electoral scenario and exchange-rate volatility discouraged strategic moves. The Brazilian market also experienced a wave of private-equity divestments, with firms pocketing R$6.3 billion and spending R$1.7 billion, from R$200 million and R$4.5 billion a year ago.
Source: Valor – International