KPMG: Fewer Mergers and Acquisitions with Norwegians in Brazil

512

Written by:

The number of mergers and acquisitions involving Norwegian companies in Brazil declined in the first half of the year, compared to the same period in 2019, from five to two transactions.

In addition, the percentage of Norwegian participation in such transactions, which represented 2.5% between January and June 2019, declined to 1.4%, amounting 141 transactions. The data are from the quarterly survey “merger and acquisition” of KPMG.

This year, mergers and acquisitions in Brazil were originated by companies from 26 countries. There were two transactions involving Norwegian companies, from the period from January to June 2020, all bringing cash flow to Brazil, due to purchase of assets by Norwegian companies.

“The reduction of mergers and acquisitions of Norwegian companies in Brazil reflects the global economy downturn for getting to grips with the challenges posed by a global COVID-19 pandemic. Despite this, Brazil remains a strategic partner of Norway, mainly in the energy and natural resources sector. The expectation is that there will be a recovery during the second half of the year”, analyzes KPMG’s Norwegian Desk Partner, Leandro Pereira.

 

Source KPMG

: