Publish in Special Reports - Thursday, July 9, 2020
Brazil, here represented by Sao Paulo, suffered a 70 percent M&A decline, but offers strong potential in the second half, experts say. (Photo: Jeff Belmonte)
Ted Rieple, Cristian Jaty Silva and John D. Wagner, 1stWEST M&A. (Latinvex collage)
Updated 4.26 PM
Announced mergers and acquisitions in Brazil drop 70 percent.
BY JOACHIM BAMRUD
The value of announced mergers and acquisitions in Latin America plunged 69 percent in the first half of this year, according to data from Refinitiv. Brazil also saw a 70 percent drop.
All in all, the total value of announced M&AS only reached $14.3 billion, of which Brazil accounted for $8.4 billion, Refinitiv reports.
The dramatic decline was caused by the COVID-19 pandemic, related lockdowns and impact on economic activity.
While the first quarter...
Keywords: Brazil, COVID-19, Cuba, 1st West, Ecuador, Mergermarket, M&As, Peru, Refinitiv