Agência Brasil
Brasília – The number of merger and takeover operations increased 50% in 2003, compared with 2002. According to the ranking prepared by the National Association of Investment Banks (Anbid), 42 operations occurred last year, as against 28 the year before. The financial, steel, and information technology/telecommunications sectors accounted for 75% of the total value of the ownership shares that were negotiated.
Although the number of operations rose, the total value of the transactions decreased 19%, from R$ 37.2 billion in 2002 to R$ 30 billion in 2003.
