(Repeats March 8 story for wider distribution. (For more
Reuters DEALTALKs, click ))
By Tatiana Bautzer
SAO PAULO, March 8 (Reuters) – Brazil’s largest banks are
increasingly demanding that companies put themselves up for sale
as a condition to cut loan principal amounts, providing a jolt
to an otherwise weak M&A climate in Latin America’s largest
economy.
Since the start of September, about a dozen Brazilian M&A
deals have been related to restructurings, Thomson Reuters data
showed. That represents about 15 percent of total Brazilian
deals during the period. The percentage is higher among the
largest lenders.
Over the same five-month period, eight of the 16 deals in
which Banco Bradesco SA, Brazil’s…
Read the full article at: http://www.businessinsider.com/r-rpt-dealtalk-brazil-banks-use-ma-to-resolve-complex-restructuring-cases-2017-3