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In February, the Latin American transactional market registered less deals than previous month, although deal's volume increased by approximately 54%, with the announcement of several important transactions. Spanish multinational company Repsol reached an agreement to sell assets in Liquid Natural Gas (LNG) to British company Shell. In fact, Repsol will divest Atlantic LNG located in Trinidad and Tobago; LNG located in Peru; and Spain-based Bahía de Bizkaia Electricidad (BBE), for USD 6,653m. Furthermore, Ab InBev, a Belgium-based beer manufacturer, agreed to sell Compañía Cervecera Coahuila, a Mexico-based beer manufacturer, to US-based company Constellation Brands. The deal value was USD 2,900m.

Moreover, several US-based companies announced divestments of their Mexican subsidiaries. Grupo Gigante, a Mexico-based company, submitted an offer to acquire a 50% stake in Office Depot México, a retail company of office supplies and stationary, held by US-based company Office Depot. The deal value was USD 690m.

In collaboration with:

Deal of the month - February 2013 - Promitel

Advisers:

• Corficolombiana
• Gómez-Pinzón Zuleta Abogados
• Torrado, Angarita & Pinzón Abogados