November 1, 2009
by Dan ShiraiCrisis is unlikely to be a word historians will choose to describe what Brazil has undergone in the 12 months through October. A dizzying cascade of good tidings serial oil discoveries, promotion to investment grade ratings, selection for the 2016 Olympics, and swift emergence from recession make up a seemingly endless and, some would argue, long overdue streak of good luck for Brazil, which for decades has been plagued by economic ills. A handful of mega deals the merger of Itaú and Unibanco, JBSs leap to the top of the global beef sector, Perdigãos purchase of Sadia to forge a leading world poultry producer, VCPs acquisition of
Mindful of competition at home, Brazil’s newly minted banking behemoth is bolstering domestic business while readying a push overseas. Itaú Unibanco is poised to take on the world.