Latin American M&A activity sputters this year, despite a lift in the economy. But expect more landmark deals from emerging ‘super champions.’
Category: M&A
Posted inDaily Brief
Cemex results beat forecast
Cemex, the Mexican cement giant, posted a 125% increase in sales in the second quarter to $4.4 billion. The rise was attributed to the acquisition of RMC of the UK earlier this year. Operating income rose 60% to $751 million. However, EBITDA margins decreased to 22.6% from 32.6%, pressured by higher energy costs and charges at RMC.
Posted inDaily Brief
Latin America Drives InBev Sales
Sales of Belgian brewer InBev in Latin America rose 12% to 18.2 million hectoliters in the first quarter thanks to the company’s 2004 acquisition of Brazil’s AmBev. Strong sales in the region, helped push group sales up by 4.1% to 47.3 million hectoliters in the same period. Sales of AmBev’s flagship brand Brahma outpaced Stella Artois and Beck’s with an increase of more than 17% driven by rising sales in Brazil. InBev is launching Brahma around the world this year.
Posted inMagazine
Cloud with a Copper Lining
In a stock-for-stock deal that turned into Mexico’s second-biggest merger ever, the country’s largest mining company has joined Peru’s top miner.
Posted inMagazine
Microchips and Mergers
In the corporate world, Latin America’s traditional family-controlled companies may dominate today, but they will be the dinosaurs of tomorrow.
Posted inMagazine
The Cemex Surprise
It may have been the biggest acquisition ever by a Mexican company, but the $5.75 billion deal by cement maker Cemex should have come as no shock.
Posted inMagazine
Delayed, But Not Deterred
Grupo México has pulled back from the brink of disaster, after its ill-fated US acquisition. But it is still staggering under a heavy debt burden.