Brazil

Brazil - May 2013

May 2013

Pages: 10

Format: .PDF

Are you a TTR Subscriber?
Please log in to ttrdata.com to gain access to free reports and exclusive client discounts.

The Brazilian transactional market recorded the largest number of deals in the last 12 months; 32,8% more than the recorded average between May 2012 and April 2013. The investment volume was approximately BRL 14,5bn; 19,67% lower than in April, taking into account deals with disclosed value.

Moreover, 30% of this month's deals correspond to the smaller market in deal size (

This month's largest deal involved the shipping subsector. Italy-based group Fincantieri acquired a 51% stake in Estaleiro STX Promar, held by South Korean company STX Offshore & Shipbuilding. The deal value was BRL 1,40bn. The shipyard is located in the industrial port of Suape, Pernambuco. Estaleiro STX Promar won an auction held by Transpetro to build 8 gas carrier ships, with estimated delivery for 2014, valued at BRL 120,7m each.

Regarding cross-border deals, US-based acquirers were once again the most active, with 12 acquisitions, followed by Japan and Chile, with 2 acquisitions each.