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Ernst & Young Transaction Advisory Services Webcast Provides a Glimpse Into What's Powering the Brazilian Economy

Governor Meirelles of Brazil's Central Bank speaks to the country's continued attractiveness to investors

NEW YORK, May 20 /PRNewswire/ -- This week William Casey, a partner in Ernst & Young LLP's Transaction Advisory Services practice, interviewed Henrique Meirelles, Governor, Central Bank of Brazil, to discuss Brazil's investment climate, transactions landscape and market outlook. With a quick emergence from a recession relative to the rest of the world, Brazil is seen as an attractive and growing deal market.

This webcast was the first in a series called "Executive briefings, one-on-one with..." that will highlight a business or government leader to provide real-world experiences on critical, timely topics.

"Brazil is an attractive destination for global companies and private equity firms looking to take advantage of the country's solid growth prospects," says Casey. "Brazil has been a key player in the transaction market over the last two years, and strong fundamentals continue to provide a dynamic environment for growth and investing. As Governor Meirelles noted, some of the sectors that are the most active are those spurred by growth itself, such as infrastructure, transportation and education."

Governor Meirelles pointed to a growing middle class and burgeoning domestic consumption as key drivers of growth. "Brazil is a very important market for some companies, and that itself means more investment in the country," said Governor Meirelles.

The governor projected continued growth, and noted that strong and precise action on the part of the Central Bank of Brazil can be credited for the country having weathered the global economic crisis so well. "I see a very strong year," said Governor Meirelles, referring to the rest of 2010. "Our challenge is now to make sure that [this growth] is sustainable."

Governor Meirelles also pointed to a strong future for private equity in Brazil. "The market is getting broader and deeper, and as that process continues, we'll have more opportunities for private equity to get into the market," said the Governor.

For more information on future executive briefings, or to access a replay of the webcast, visit: http://webcast.ey.com/thoughtcenter/?pid=2560.

Transaction Advisory Services (TAS)

Our Transaction Advisory Services teams work with some of the world's largest organizations, fastest growing companies and private equity firms on some of the biggest and most complex cross-border deals in the global market. We can help you achieve the growth, performance improvement and returns your stakeholders expect.

Ernst & Young offers integrated, objective advisory services that are designed to help you evaluate opportunities, make your transactions more efficient and achieve your strategic goals. Ernst & Young has an extensive global reach, with 8,700 transaction professionals worldwide, and the experience of thousands of transactions across all markets and industry sectors. We can bring together the people you need, wherever you need them, to focus on helping you achieve success throughout the transaction lifecycle -- and beyond. Whether it's a merger, acquisition, strategic alliance, divestment, equity offering or restructuring, we offer you the advice you need to help you make the right deal at the right price at the right time. It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst & Young Global Limited located in the U.S.

SOURCE Ernst & Young LLP

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