M&A: Branching out

Jan 1, 2013

LatAm M&A volume rose slightly in 2012 mostly due to persistent international investor interest - especially from the US - in the region. In many sectors, competition between emerging regional names for investment has driven up prices. A few LatAm corporates continue to look to invest outside of the region. All of these trends, plus the continued selloff by Europeans, look set to carry into this year.

Coca-Cola Femsa joins other LatAm blue-chips looking for strategic acquisitions outside of the region. It intends to pay $689 million in cash to acquire 51% of Coca-Cola Bottlers Philippines from The Coca-Cola Company, in its first buy outside of Latin America.

Analysts said the price was reasonable, at 13 times 2012 Ebitda. Coca-Cola Femsa has an option to acquire the remaining 49% of the bottler for...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote