Publications
Latin America – May 2013
May 2013
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In May, the Latin American transactional market was slightly less active, with some 130 deals registered, compared to 140 in April. Brazil is still the most active country, with some 82 deals registered, and followed by Chile and Mexico, both with approximately 15 deals each. In addition, several deals under negotiations, since the end of 2012, were finalized. One example was the acquisition by US-based ACE of ABA Seguros de México, held by Ally Financial (former GMAC). The deal value was USD 865m. Furthermore, some important transactions were announced. Grupo Carso, a Mexico-based industrial company connected to Carlos Slim, reached an agreement to sell a 20% stake in Philip Morris México (PMM) to Philip Morris International. The deal value was USD 700m. Highlights, in Chile, include the acquisition announced by BCI (Banco de Crédito e Inversiones) of City Bank of Florida, a US-based financial institution, held by Spain-based Bankia. The deal value was USD 882,8m.
In collaboration with:
Deal of the month - May 2013 - Grupo Yoli
Advisers:
- Profit
- Deloitte Galaz, Yamazaki, Ruiz Urquiza (México)
- Creel, García-Cuéllar, Aiza y Enríquez
- Raz Guzmán Abogados
- Galicia Abogados
- Coca-Cola Femsa
