Marine Technology Reporter Blogs - aquisition

According to data from KPMG consulting there were 22 merger and acquisition operations in the market during the first 6 months of 2013, 4 times higher than in the first semester of 2012. This is mostly due to the 11th round of bidding that took place in April sponsored by the ANP (National Petroleum Agency). According to a KPMG executive, since the O&G sector had not had any bidding rounds for 5 years, a score of new business opportunities arose that attracted many foreign investors. Of these 22 operations, 10 were buy-outs, where foreign companies bought Brazilian companies in order to enter the market. Another fact that relates to…