M&A Advisors: Citi Falls, Itau Grows

BY CHRONICLE STAFF

Banco Itau boosted its M&A business last year, bucking the trend among the top foreign financial M&A advisors, Thomson Financial data shows.

The rank value of Itau's announced M&A deals last year reached $7.5 billion. That was an increase of 12.6 percent from 2006.  That meant Itau was among Latin America's top 10 financial M&A advisors last year, ending up in 8th place, ahead of such institutions as Merrill Lynch.

Itau advised companies like Sistemas Minas-Rio, Suzano Petroquimica and Serasa withe their sales.

CITI TOP M&A ADVISOR

Citi saw the value of its announced M&A business fall by 56.9 percent to...

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Keywords: Credit Suisse, Estater Gestão e Finanças, JP Morgan and UBS.