Business mergers are operations in which two or more companies unite to form a new entity, ceasing to exist as separate organizations and fully sharing assets, liabilities, and obligations. The objective is to build a stronger and more competitive company, capturing synergies, market expansion, and access to technologies that accelerate growth and value creation for shareholders.

What happens in a merger

• Formation of a new company: the original companies are combined, giving rise to a single organization.
• Transfer of rights and obligations: the new entity fully assumes contracts, assets, and liabilities.
• Share exchange: shareholders receive new shares proportionally in the resulting company.

Strategic Objectives

• Capture synergies: economies of scale, efficiency, and profitability.
• Expand market: greater market share and bargaining power.
• Access technologies: incorporation of innovations and critical competencies.
• Diversify portfolio: new products, services, and revenue streams.

Examples of Reference

• Itaú ​​+ Unibanco → Itaú Unibanco
• Sadia + Perdigão → BRF
• Suzano + Fibria → Suzano (consolidated brand after the combination)
• Azul + Trip → operational integration under the Azul brand

Critical points to consider

• Prior analysis (due diligence): financial, operational, legal, and competitive assessment.
• Integration of systems and operations: unification of IT, processes, policies, and culture.
• Transaction costs: consulting, financial and legal advice, audits, and regulatory approvals.
• People management: clear communication, talent retention, and transition management.
• Competitive environment: attention to antitrust requirements and consumer impacts.