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Mergers Quadruple in Brazil as Companies Raise Fresh Capital

  • Corporations’ stock issuance has soared 83% to $13.6 billion
  • Shares are attractive to investors searching for higher yields
relates to Mergers Quadruple in Brazil as Companies Raise Fresh Capital

Photographer: Yasuyoshi Chiba/AFP/Getty Images

Mergers and acquisitions are booming in Brazil as companies raise capital in the public equity markets and look for takeover targets.

Deals have almost quadrupled from the same period last year, soaring to $34.7 billion, according to data compiled by Bloomberg. At the same time, total stock issuance by Brazilian companies jumped 83% to 69.6 billion reais ($13.6 billion).