Domestic M&A Deal of the Year

Domestic M&A Deal of the Year

Argentina Brazil M&A Corporate & Sovereign Strategy

Pampa Energía/Petrobras ArgentinaAmid a wave of divestments by troubled Brazilian companies, Petrobras' rush to shed assets stands out for its sheer size: the firm aims to offload some $19.5 billion of holdings this year and next. As Petrobras downsizes, other oil and gas companies are seeing their chance to grow. So it was for Pampa Energía, which snapped up Petrobras' Argentina business. The acquisition was a “once in a lifetime opportunity”, Gabriel Cohen, Pampa's chief financial officer, says.“This was a great fit. We are already active in the energy sector and Petrobras’ assets were complementary to us,” Cohen says. “The upstream and generation businesses have unique assets and our

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