Practice Area Articles

Brazil Privatizations

December 13, 2020

By Paul Hastings Professional

Brazil Privatizations

While various Latin American countries have faced significant political and economic volatility in the past year, many investors and asset managers continue to explore opportunities as conditions stabilize in certain areas across the region. In Brazil, recent reforms, low interest rates and stocks trading at an all-time high are all propelling the country to the top of many dealmakers’ lists for investment within the new pro-business environment. In 2019, Brazil’s Ibovespa stock market index rose nearly 33% despite a global capital flight out of emerging market equities, and analysts predict sustained Brazilian economic growth in 2020 as the government launches the largest privatization program in the country’s history.