Publish in Special Reports - Wednesday, October 8, 2014
The sale of Brazilian broadband company GVT (photo) to Spain-based Telefonica for $9.8 billion was the top announced deal in Latin America during the first nine months this year (Photo: GVT).
Skadden partner Paola Lozano: There is still potential for a few "megadeals" to occur in Brazil. (Photo: Skadden)
Brazil and Peru lead Latin America M&As during the first nine months.
BY JOACHIM BAMRUD
The value of mergers and acquisitions in Latin America jumped 34 percent during the first nine months this year, according to Thomson Reuters.
All in all, the value of announced deals in the region reached $102.3 billion. Brazil alone accounted for half of the deal volume, or $50.2 billion, a 42.9 percent jump from the first nine months of last year.
“While the biggest increase in M&A activity during this year has occurred in North America, LatAm has continued to show healthy M&A volume,” says Paola Lozano, a partner who heads Skadden’s Spanish language corporate practice. “Despite ...
Keywords: Abbott Laboratories, ALL America Latina Logistica, Argentina, Asia, Brazil, Central America, CFR, Chile, CorpBanca, Colombia, GVT, Itau, Las Bambas, Mexico, Mining, MMG, Peru, Repsol, Retail, Santander, Skadden, Telefonica, Vivendi, YPF
See also Davis Polk Tops Rank