Brazil’s mergers and acquisition market hits record levels
Brazil’s mergers and acquisitions (M&A) market is set to hit a record level this year, according to an industry expert.
Those considering buying a property in Brazil may be pleased to hear the news, as it suggests buoyancy in the Brazilian market, which may have a favourable effect on house prices.
Financial experts at the Brazilian National Investment Banking Association, known locally as Abbid, made the claims.
They predicted that the boom will be fuelled by increasing consolidation in the banking, retail and housing sectors.
Head of Abbid’s M&A research division, Francois Legleye, told reporters in Sao Paolo: "The start of the year was very hot, and it’s a prelude of what the remainder of 2008 may be in this industry.
"Brazil does look appealing to many global investors since it remains one of the few big economies with no apparent sign of contagion from the current global credit squeeze."
In related news, Korean Airlines announced today that it will launch a direct flight service between Los Angeles and Sao Paulo on June 2nd 2008.
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