Latin America - January 2013

January 2013
Latin America - January 2013
Pages: 9
Format: .PDF

In January, the Latin American transactional market’s activity decreased compared to December 2012; in number of deals and investment volume. Nonetheless, several relevant transactions were recorded. Mexico-based company Grupo Financiero Banorte acquired AFP Bancomer, held by BBVA, for USD 1,735m. Principal Financial Group, a US-based company, acquired a 63.44% stake in Chilean company AFP Cuprum, for USD 1,500m. By countries, Brazil-based acquirers were the most active with 56 deals registered, followed by Chile (18) and Mexico (14), continuing the trend set in later months in 2012. On the other hand, Chile recorded the largest deal volume, USD 4,370m, followed by Mexico (USD 3,436m) and Brazil (USD 2,238m).

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Deal of the month - January 2013- AFP Cuprum

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