September 1, 2005
Latin America's commodity-fueled economic rebound is not translating into a higher level of mergers and acquisitions this year.
Guillermo Jasson, head of Latin American mergers and acquisitions at Morgan Stanley, estimates that the value of Latin America's announced M&A deals will reach $30 billion this year. That's a one-third drop from the $47.2 billion in deals announced in 2004. "It'll be a stronger market with more deals (than 2003), but it won't be as strong as 2004," Jasson said at LatinFinance's annual M&A Round Table, held in New York City last July.
The numbers are already starting t
Latin American M&A activity sputters this year, despite a lift in the economy. But expect more landmark deals from emerging 'super champions.'