Brazilian companies getting more “global” in February

Brazilian companies appetite for investments abroad is growing again. In February, the Brazilian Central Bank index IBD (Brazilian direct investment) hit US$ 4,2 billions.  With this result, Central Bank has already revised its forecasts for the year; now they expects an annual IBD of US$ 15 billions against its previous forecast of US$ 5 billion.

The difficulties faced by companies in developed countries open space for bargains, and Brazilian companies are going shopping. Corroborating this trend is the M&A activity so far in 2010. From the first week of the year, nine deals involving large Brazilian companies were announced or rumored. The conglomerates CSN, Camargo Correa and Votorantim fighting for the Portuguese company Cimpor; Shell and Cosan became partners and Braskem’s acquired Sunoco’s polypropylene business in early February.

And let’s remember that  supporting the internationalization of  domestic companies is now a priority to the state bank BNDES.  The bank recently opened a subsidiary in London to work as its overseas office.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Bureau. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil. She lives between Paris and Rio and is a member of the Harvard Club of Paris and of the Mercosur Women’s Forum.
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