Publicações
Mercado Ibérico - Primeiro Trimestre 2013
Março 2013
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(content in english)
SPAIN
The Spanish M&A transactional market registered less deals this first quarter of 2013, compared to the same period last year. 130 deals were registered, which corresponds to approximately a 15% decrease in number of deals. The deal volume was higher, due to some relevant cross-border deals. Banco Santander and KBC Bank merged their subsidiaries in Poland, Bank Zachodni WBK and Kredyt Bank. The deal value was EUR 3,000m.
Five out of the ten largest deals closed between January and March 2013, were cross-border. Highlights include a few divestments by Spanish companies in Latin America. BBVA Bancomer, the Mexico-based subsidiary of BBVA, sold Afore Bancomer to Grupo Financiero Banorte, a Mexico-based company. The deal value was EUR 1,328.89m. Moreover, Sacyr, a Spain-based multinational, sold a 35% stake in Costa Rican company Autopistas del Sol to Globalvía Infraestructuras. The deal value was EUR 103.3m.
PORTUGAL
In the first quarter of 2013, the Portuguese M&A transactional market registered a smaller number of deals and deal volume, than in the same period last year. A total of 40 deals were registered, both announced and closed, which is 35% less than in the first three months of 2012.Total deal volume was EUR 1,719m, compared to EUR 5,326m recorded in the same period last year. The electric energy subsector, and specifically, Portuguese energy group EDP, was involved in the largest deals this quarter. Highlights include the acquisition by Chinese group.
China Three Gorges acquired a 49% stake in EDP Renováveis, for EUR 359m. In addition, Parpública (owned by the Portuguese Government) sold a 4.14% stake in EDP - Energias de Portugal to private shareholders. The deal value was EUR 356.10m. With this deal, the Portuguese Government marks its exit from EDP's share capital, the largest Portuguese power company.
Enterprise - Company dedicated to the provision of cleaning and recycling services.
Advisers
Compagnie Générale des Eaux (Portugal) - Company dedicated to the distribution and supply of water.
Advisers
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