Hostile bids, strategic realignments and pressures on profits are all elements of Latin American M&A. The region is vulnerable to speculative attacks, but local firms are strengthening their core businesses and putting up defenses.
Category: 2000
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New Technologies, New Risks
Business-to-business online exchanges offer rewards such as speed, value and simplification to their members. But they also create strategic risks that need to be identified and addressed.
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Business & Banking
Citibank Sells Celulosa in Argentina Citibank is selling control of Argentina’s troubled pulp and paper producer, Grupo Celulosa Moldeada, to Uruguayan Fábrica Nacional de Papel, known as Fanapel. It is […]
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Cemex Strengthens the Mix
Mexico’s cement giant crosses the border to grab a prize US acquisition, boosting its cash flow and diversifying into a developed market. But the debt-financed purchase prompted S&P to put Cemex on credit watch.
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Populist President Causes Concern
Hipólito Mejía brings an abrasive, autocratic style back to the Dominican Republic’s presidency, reminiscent of patriarchal ruler Joaquín Balaguer, the seven-term former president. Like Balaguer, Mejía sees a more active role for the state in economic affairs, and business leaders are concerned.
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Colombia Opens the Way
The government hopes that its long-delayed sale of state coal company Carbocol will renew international investor confidence, but other projects are still hampered by violent protests and legal wrangling.
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Project Finance Proceeds With Caution
Credibility and cash flows are beating out price as the keys to successful deals for Latin American infrastructure projects as investors cautiously weigh the risks.
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Consolidating Continental Investors
Argentina draws on its traditional European investor base to lead Latin bond issuers in euros this year. Eurobonds have provided cheaper funding, but currency risk exposure looms large.
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Pulling the Plug on Latin Dot Coms
Latin American Internet companies have suffered a complete reversal of fortunes after last year’s brief reign as the darlings of venture capitalists.