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The Brazilian mergers and acquisitions market registered a 4% decrease in the number of transactions recorded between January and July 2016, compared to the same 2015-year period. So far, in total, there were 534 transactions that moved a total of BRL 155.58bn, a value 64% higher than the one observed the same period last year.
In July, the total traded value has gained a strong impulse by the announcement of the transaction involving the acquisition by the China-based State Grid Corporation of China - SGCC of approximately 54.7% in CPFL Energia (BVMF: CPFE3) belonging to the control block of the company, formed by Camargo Corrêa (23.6%), Bonaire (11.3%) and Previ (19.8%), for a total value of BRL 17bn.
HSBC Bank Brazil - Financial Entity.
HSBC Serviços - Financial services firm and consultancy.
Financial Advisors
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