Publish in Special Reports - Thursday, October 3, 2019
Luz del Sur is the largest electric company in Peru. The $3.6 billion deal by Sempra to sell its Peru assets to a Chinese company is the second-largest M&A this year in Latin America. (Photo: Luz del Sur)
While Brazilian mergers and acquisitions declined 15% through third quarter.
BY JOACHIM BAMRUD
The value of announced mergers and acquisitions in Latin America declined 5.1 percent in the first nine months of the year, according to Refinitiv and Latinvex data.
The decline would have been worse if not for two major deals outside of Brazil – the $3.6 billion Sempra-China Yangtze deal in Peru and the $1.9 billion Delta deal with Chile’s LATAM Airlines.
They helped offset a 15 percent decline in Brazilian M&As.
All in all, Latin America saw 948 announced deals worth a combined ...
Keywords: America Movil, Argentina, Avon, Banco Santander, Brazil, Chile, Colombia, Energy, Engie, Exito, Delta, GPA, LATAM Airlines, M&As, MercadoLibre, Natura, PayPal, Peru, Petrobras, Sempra, TAG, Telefonica