NEWS EQUITY/M&A: Slow start

NEWS EQUITY/M&A: Slow start

Equity M&A

Mexican homebuilder Javer in January raised 1.8 billion Mexican pesos ($101 million), selling 94.9 million shares via its initial public offering, marking Latin America’s only new equity issue in the first two months of 2016. While no new issuances are expected for the rest of the first quarter, owing to emerging market volatility and a dearth of new offerings from the US market, Mexico is expected to lead issuances out of Latin America this year. This depends on the success of the upcoming Fibra-E trust structure, equities bankers in Mexico say. State-owned Pemex and Comisión Federal de Electricidad are expected to issue Fibra-E trusts before the end of this year. Brazilian drugstore chain

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