Lowe’s Companies Said to be Looking for Acquisitions in Brazil (Bloomberg)
Bloomberg is reporting that unnamed sources have said that Lowe’s Companies, Inc (NYSE: LOW) is working with Goldman Sachs to search for acquisitions in Brazil. Options apparently include buying part of BR Home Centers, a home-improvement holding company valued at about 500 million reais ($220.1 million) that is said to be working with Rothschild to study strategic options plus Curitiba-based Balaroti Materiais de Construcao SA, which is said to be working with Morgan Stanley
Home improvement retailers see a potentially big market as tens of millions of Brazilians have entered the middle class in the past decade while the formal home-improvement industry still competes with corner hardware stores. In addition, the government has encouraged home ownership with its low-income housing initiative dubbed Minha Casa, Minha Vida or My Home, My Life program.
It should also be mentioned that both Lowe’s Companies and rival Home Depot, Inc (NYSE: HD) have a presence in Mexico but both have yet to really penetrate the rest of Latin America.
To read the whole article, Lowe’s Said to Hire Goldman to Find Brazil Acquisitions, go to the website of Bloomberg.
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- Emerging Markets, Leftist Latin Americans, and the Next Taper Tantrum (LGIM)
- Brazil: What’s Gone Wrong Plus Four Scenarios (Miami Herald)
- Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
- Emerging Markets Will Represent Over 50% of Global Vehicle Capacity in 2020 (IHS)
- Latin American Stocks to Consider (Aberdeen)
- Brazil’s Giant Problem: The State (WSJ)
- Burying the Legal Ghosts of Brazil’s Hyperinflation (Project Syndicate)
- Conservatism Grows in Brazil, Despite Leftist President’s Win (Wall Street Journal)
- Mark Mobius’ Contrarian Case for Investing in Brazil (Mobius Blog)
- Surviving the Pharma Drug Price Wars in Emerging Markets (PharmExec.com)
- Invesco Manager: Brazil a “Sinkhole of Corruption Still Searching for a Bottom” (Forbes)
- Brazil: Setting the Stage for a Brighter Future? (Franklin Templeton)
- “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
- Emerging Markets Interesting for Income Right Now (FT Advisor)
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