Brazilian Leads as 1Q M&A Volume Sags

Brazilian Leads as 1Q M&A Volume Sags

Corporate & Sovereign Strategy Brazil M&A

LatAm targeted M&A volume hit $27.1bn in 1Q 2012, down 27% from $37.3bn 1Q 2011, according to Dealogic data, with Itau leading the league tables. The Brazilian bank, whose announced work in the quarter includes last week’s purchase of a $2bn stake in EBX by Abu Dhabi’s Mubadala sovereign wealth fund, booked $10.31bn from 8 deals. Citi finished the quarter in second place, with $8.85bn from 2. The two shops climb up from respective third ($8.5bn) and sixth ($5.1bn) positions in 1Q 2011. Bankers s

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