The announcements of mergers and acquisitions between July and September this year totaled R$23.3 billion, the lowest volume since 2008, according to the Brazilian Association of Financial and Capital Markets (Anbima).
In all, 25 deals were executed, including corporate restructuring and takeover bids. The deal volume is only higher than Q2 and Q3 quarters in 2008, which recorded BR$16.4B and BR$15.3B.
Throughout this year, the total volume of transactions so far reached BR$100.8B, down 33.1% compared to the same period in 2010. This downward indicator is also one of the lowest in the series followed since 2006, exceeding only the changes made in 2008 and 2009.
Regarding the number of operations in 2011m there were 102 transactions made, a level close to that observed in the same period last year, although the transaction volumes were lower. For instance, in 2011 the average transaction size has been R$1.0 billion, while in 2010 it was R$1.4B. Overall, the closing volume of mergers and acquisitions until September was R$67.9B, down 18.6% over the same period in 2010.
Among the largest transactions this quarter were the acquisition of Aleadri (owner of 50.45% of Schincariol) by Kirin for R$4.7 billion, and the purchase of a stake in Companhia Brasileira de Metalurgia e Mineração by a chinese consortium for R$3.1B.
These last transactions increased Asian market participation in the acquisitions of Brazilian companies by foreign companies, rising from 16.9% in Q2 to 35.9% in Q3.