SAO PAULO/HONG KONG (Reuters) - China's Lenovo Group Ltd agreed to buy Brazil's largest domestic consumer electronics maker CCE for 300 million reais ($148 million), according to a securities filing on Wednesday.
The deal comes as the world's No. 2 PC maker by sales looks towards Brazil's promising consumer market to offset slowing profit growth both at home and in developed markets.
($1 = 2.037 Brazilian reais)
(Reporting by Asher Levine and Alberto Alerigi in Sao Paulo and Anne Marie Roantree in Hong Kong; Writing by Asher Levine; Editing by Gerald E. McCormick)
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