Highlights of the week
* Mergers and acquisitions in Brazil to pick up * Value of deals seen growing * Companies in financial distress seen as targets By Aluisio Alves Mergers and acquisitions activity in Brazil looks poised for a strong revival in the coming months, as signs of improved global sentiment spread across domestic capital markets.
A case which may change the way social security tax is calculated in Brazil has been delayed yet again, with the Supreme Court yesterday granting a motion brought by President Lula to suspend the case.
Ipiranga, a subsidiary of Brazilian fuels and petrochemicals group Ultrapar, has agreed to buy Chevron’s Texaco-branded fuel business in Brazil, the latest in a flurry of deals in the sector.
Lupatech, a Brazilian manufacturer of technology and parts used in oil and gas exploration, has issued perpetual bonds to the value of US$75 million.
