Investing in listed companies in Brazil, Germany and Russia

After a brief period of instability due to the financial crisis, the Brazilian capital market displays a steep rebound with an aggregate amount of about EUR 5.6 billion raised by public offerings as of September 2013 – including the  largest global IPO of the year so far (EUR 3.7 billion secondary share offer of BB
Seguridade).

Germany’s stock markets, in turn, have experienced a period of significant growth with the DAX index rising by approx. 80% since the end of 2008. One of the drivers of this development has been the engagement of foreign investors. According to a recent study, 55% of the shares of Germany’s top-30 listed companies are being held by foreign investors which represents an increase by 14 percentage points since 2005.

Russian companies may also present themselves as profitable cross-border investment targets, as many emerging market global investors shift their interest to the lower share prices of the Russian stock market.

In view of these developments we have prepared a summary including disclosure obligations and relevant concerns arising out of capital markets transactions in these countries.

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Download (english): Newsletter Brazil Desk October 2013
Download (portuguese): Newsletter Brazil Desk October 2013

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