Substantial increase in merger filings

According to numbers published by the SDE, the Brazilian competition authority that receives the notifications of mergers and acquisitions, the first semester of 2010 saw an increase of 50% in comparison to the same period of the preceding year (332 vs. 207).

SDE explains that during the course of 2009 it received 476 filings, a substantial decrease compared to 2008 when it registered 604 merger notifications due to the financial crisis and that the numbers for January to June of this year reflects the recovery of the economic activity.

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