Mergers and acquisitions in Latin America are agreed deals by necessity because few companies have enough shares in the public markets to allow for hostile bids. Electricidad de Caracas, the […]
Category: M&A
A Regional Sign of the Times
Citigroup shocked bankers in Mexico and throughout Latin America when it announced its $12.82 billion acquisition of Grupo Financiero Banamex-Accival SA (Banacci) in May 2001. In one fell swoop the […]
WIZARD Nicolás Aguzín
Nicolás Aguzín, head of mergers and acquisitions in Latin America for JP Morgan, has seen the M&A business in Latin America come full circle. When he began working as an […]
Hidden Dangers, Proceed With Caution
The failure of international investors to thoroughly vet potential partners can have costly consequences. It is more important than ever that corporate acquisitions in Latin America include exacting pre-deal research and analysis.
Stretched to the Breaking Point
A devalued currency, heavy dollar debts and plunging equity prices have taken their toll on Brazilian companies. Some are recovering while others have become acquisition targets for the survivors.
Petrobras Makes a Bold Buy
Merger and acquisition volumes in Latin America plunged 75% in 2002. However, it was not a bad year for cross-border deals within the region involving Latin American bidders and targets. […]
Banistmo’s Big Aspirations
Primer Banco del Istmo, the largest private-sector bank in Panama, is well on it way to becoming a top bank in the region. Banistmo already has completed sizable acquisitions in […]
Selling Out with High Hopes
Corus’s acquisition of Brazilian steelmaker Companhia
Siderúrgica Nacional slashes the Latin American company’s financing costs and folds it into an investment grade European competitor.
Preserving the Best of Both
Having learned much from its last acquisition of a Mexican bank, Citigroup appears to have neatly and efficiently woven Banamex into its global franchise.
Fair Market Value for All?
The merger of Chile’s Banco de Edwards and Banco de Chile is bound to be good for the banks. But minority shareholders worry that Quiñeco, which controls both institutions, has gotten the better of them.
