As 2014 brings another election year for Brazil, reports say the nation is likely to see a stunt in merger and acquisitions activity as businesses are reluctant to strike deals in the midst of political uncertainty.
The nation’s largest merger adviser Grupo BTG Pactual told reporters merger activity this year is not likely to surpass 2013’s levels of $78.7 billion worth of transactions. A total of 592 mergers were announced in 2013, a statistic that was 14 percent lower than that of 2012, say reports.
This year is likely to see various major deals, however, as experts anticipate Telefonica’s Brazilian sales as well as medical-diagnostics firm Fleury’s plans for a major buy in 2014.
Full Content: Bloomberg
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