Brazil sugar sector M&As set to fall in 2002-study

Newswire

RIO DE JANEIRO, Brazil, June 27 (Reuters) - Mergers and acquisitions in Brazil's sugar and biofuel sector are likely to fall sharply in 2002 due to election uncertainty, Sao Paulo-based KPMG Corporate Finance said in a report. So far this year only two deals have been concluded - sales of the Bela Vista and Santa Cruz mills - compared with 10 in 2001 and eight in 2000. "Being an electoral year, 2002 brings natural uncertainty into the rhythm of M&As," Luis Lopez, KPMG Corporate ...

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