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Brazil: M&A hits five-year low on turmoil, state intervention

By  |  October 3, 2012
Brazil: M&A hits five-year low on turmoil, state intervention

Concerns about growing state intervention, a slowing economy and new antitrust rules have driven merger and acquisition activity in Brazil to a five-year low so far in 2012. However, bankers are confident that a recovery is just around the corner. Under the new rules, antitrust agency CADE has no more than 330 days to review a proposed merger. Companies and advisers may be trying to gauge how quickly CADE will act, but so far the agency is approving deals faster than expected.

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    Full Content: Reuters

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