Publications
February 2012
February 2012
BRAZIL
The transactional market, in February, was less active than the previous month, with 9% fewer deals, both announced and closed. Nonetheless, acquisitions in Brazil by foreign countries remained dynamic. The services and distribution sector was the most active with a total of nine deals. The financial and insurance subsector registered six of these deals, and the education subsector registered three. The month's largest deal was the auction wan jointly by ACSA and Invepar for the privatisation of Aeroporto Internacional de Guarulhos, a biding that began at BRL 16,210bn. Highlights include the acquisition of a 51% stake in Guanhães Energia by Light Energia, for BRL 25m.
LATIN AMERICA
The Latin America transactional market maintained the same tendency of previous months, Chile and Mexico registered a large number of deals. The mining and oil and gas subsectors were particularly active, two important sectors in this area. Chile-based GeoPark TdF acquired the Colombia-based Winchester Oil & Gas and La Luna Oil Company, for USD 30m. In the mining subsector in Colombia, highlights include the Petro Vista Energy's sale of a 50% stake in Petropuli, which explores the Bloque Morichito mine, through its subsidiary Petro Vista Energy Colombia, to Canada-based Deep Core Mining. The deal value was USD 1.75m. As far as cross-border deals, Asia-based companies showed a significant interest, a tendency exhibited in previous months. Japan-based Mitsubishi Corporation acquired a 67% stake in Energía Eólica Mareña, for USD 1,000m. Furthermore, the Japanese company signed an agreement to acquire a 18.1% stake in Peru-based Mina Quellaveco, from Anglo American, for approximately USD 761.04m.
