Brazilian lender could earn more than $1.6bn from the sale of the private bank to Switzerland’s EFG
Tag: M&A
Posted inDaily Brief
Telecom Italia denies TIM-Oi merger talks
But analysts say a merger will help Oi reduce its debt burden and allow the pair to gain market share in the wireless space
Posted inDaily Brief
Usiminas looks to sell manufacturing unit
Brazilian steelmaker could increase capital to accommodate a potential buyer of the Mecanica subsidiary, sources say
Posted inDaily Brief
GIP closes petrochem deal
Madrid-based petrochemical investment group buys 100% of Argentine polypropylene producer after YPF pulled out of the offer in December
Posted inDaily Brief
Two firms circle Duke Energy’s LatAm portfolio
US energy firm receives interest from multiple bidders with a potential sale price above $2bn, sources say
Posted inWeb Articles
LatAm M&A market faces lower deal prices this year
The Colombian government finally sold its stake in electricity generator Isagen, while US firm Duke Energy is tabling an exit from Latin America
Posted inDaily Brief
Duke Energy gears up for LatAm exit
The US utilities firm has hired two banks to advise on asset sales, sources say
Posted inDaily Brief
Pemex buys fertilizer firm
Mexico’s state-owned oil company will include Fertinal in its subsidiary Pemex Fertilizantes
Posted inDaily Brief
Brookfield pulls Invepar bid
Now that the Canadian asset manager has withdrawn its offer, OAS will not likely garner enough investor interest to auction its stake in the infrastructure firm, sources say
Posted inDaily Brief
Spreads seen widening in syndicated loan market
Investment grade companies still get good terms buy they are beginning to feel the pressure