The M&A market shows no sign of letting up this year, with activity remaining at levels close to 2011.
A wave of consolidation is taking place in Brazil and elsewhere, while foreign companies continue to express interest in the region. And the hope is that private equity, buoyed by record fundraising, will spur on the sector in what’s left of the year.
A major theme in M&A has been the role of European investors holding Latin American assets – some are disposing of their holdings while others are staying put or simply retrenching.
Those that remain believe that growth in emerging markets can help them cope with losses in domestic European markets.
Spanish operator Abertis Infrastructuras agreed in August to take control of toll road operator OHL...
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