São Paulo – The Brazilian mining industry saw seven merger and acquisition operations in the second quarter this year, up 130% from the first quarter’s three operations. The figures were culled from a KPMG survey issued last week.
Out of all operations carried out in the second quarter, five involved foreign companies which bought Brazilian companies. One deal consisted of a Brazilian company acquiring a foreign company, and another involved foreigners acquiring a foreign-capital, Brazil-based company.
"The figures show the interest of investors from other countries in Brazilian enterprises, because the majority of transactions were carried out by foreigners striking deals with Brazilian companies. This emphasizes the importance of the mining industry to the economy and the global scenario," said Paulo Guilherme Coimbra, KPMG partner and head of Mergers & Acquisitions in Mining, according to a press statement.
*Translated by Gabriel Pomerancblum
