In the Brazilian financial services industry, there were 10 M&A deals announced in Q1 2024, worth a total value of $1.2bn, according to GlobalData’s Deals Database. The $1.2bn minority acquisition of Cielo by Banco Bradesco and Banco do Brasil was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, M&A activity in Brazil increased by 95% in Q1 2024 compared with the previous quarter’s total of $615.9m and rose by 55% as compared to Q1 2023. Related deal volume increased by 25% in Q1 2024 versus the previous quarter and was 67% higher than in Q1 2023.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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