UPDATE 1-Group sees private equity-fueled M&A in Brazil gaining steam

April 7, 2015 4:36 PM

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RIO DE JANEIRO, April 7 (Reuters) - Private equity-fueled mergers and acquisitions activity in Brazil may surpass last year's 13.6 billion reais ($4.3 billion) in deals as political and economic uncertainty eases, executives at industry group ABVCAP said on Tuesday.

While economic activity is bound to deteriorate in coming months, buyout firms eyeing Brazilian investments for the long term may buy into assets whose value declined due to a sharp currency devaluation and a growing dearth of capital, said Fernando Borges, who presides over ABVCAP, a group represen...

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