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Brazil: Drop in M&A activity suggests new antitrust authority works, say lawyers

By  |  November 6, 2012

The rate of mergers and acquisitions in Brazil has reportedly dropped since the induction of Cade, the nation’s antitrust authority, according to reports. The drop, however, may be attributed to the fact that there was an influx in closing deals just before Cade came into effect last May. According to Dealogic, the number of M&A (merger and acquisition) deals dropped from 428 in the three months before Cade came into effect to 190 in the three months after the antitrust body’s regulations began. Antitrust lawyers see the drop as a sign that Cade is “working well.”

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