Brazil's takeover volumes up 43.2% in 1H of 2010

16:45, August 19, 2010      

Email | Print | Subscribe | Comments | Forum 

The mergers and acquisitions in Brazil amounted to 84.8 billion reais (48.4 billion U.S. dollars) in the first half of this year, up 43.2 percent year on year, an industry association said Wednesday.

The figures were the highest recorded since 2006, and represented 71.3 percent of the volumes registered in the entire year of 2009, the Brazilian Financial and Capital Markets Association (Anbima) said.

Anbima expects mergers and acquisitions to reach a record-high level this year, surpassing the 136.5 billion reais (78 billion dollars) registered in 2007.

The acquisitions of foreign companies by Brazilian companies accounted for 46.6 percent of the total operations in the period, which according to Anbima indicated an increase of Brazilian companies' participation in global buying.

Takeover between Brazilian companies was 21 percent of the total, while the acquisitions of Brazilian companies by foreign rivals were 19.8 percent.

The biggest transaction registered during the period was the joint venture between Shell and Cosan, reaching 11.6 billion reais (6.62 billion dollars), followed by the acquisition of Vale's aluminum assets by Norsk Hydro for 8.5 billion reais (4.85 billion dollars), and Vale's acquisition of Bunge for 7 billion reais (4 billion dollars).

Source: Xinhua

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion