Biggest M&A deals in Brazil 2023
In 2023, the largest merger and acquisition (M&A) deals in Brazil was the acquisition of Grupo Éxito by Grupo Calleja. The M&A deal between leading retail groups was valued at approximately 1.18 billion U.S. dollars. Following closely, Brazil's largest paper company, Klabin secured the second-largest transaction, amounting to nearly 1.16 billion U.S. dollars.