Brazil M&A deals struggle with flagging outlook in 1st qtr-report

April 2, 2015 1:00 PM

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SAO PAULO, April 2 (Reuters) - The value of mergers and acquisitions in Brazil in the first quarter slipped to its lowest in two years, as slumping confidence and an economic downturn prevented buyers and sellers from finalizing deals in Latin America's largest economy.

In the year through March 31, companies showed $8.51 billion worth of corporate takeovers in Brazil, according to a Thomson Reuters report on M&A activity released on Thursday. Some 122 deals were announced in the quarter, up from 119 a year earlier.

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