M&A

Although M&A in Brazil’s utilities sector...

Mexican breadmaker Bimbo is heard going...

Brazil’s state-owned Banco do Brasil (BdB)...

Commerzbank’s acquisition of Dresdner is spelling...

Colombia’s Grupo Nacional de Chocolates (GNC),...

Despite a global financing crunch, M&A continues active as large regional and foreign corporations take advantage of the crisis to unearth relative bargains in LatAm. Regional players are also seen making acquisitions at home and abroad.

The $1.3 billion acquisition of Chilean electricity distributor Grupo Saesa by Morgan Stanley Infrastructure (MSI) and Ontario Teachers’ Pension Plan (OTPP) from New Jersey-based PSEG shows that financial investors can beat strategics when it comes to buying infrastructure-related companies.

Last March, the third largest exchange in the world was formed in Brazil via the merger of Bolsa de Mercadorias & Futuros, the fourth largest commodities and futures exchange, and Bovespa, the fifth biggest public exchange globally.