Publications
November 2011
November 2011
M&A BRAZIL
The Brazilian transactional market, in November, was particularly dynamic with a 24% increase in registered deals. Foreign investments in Brazil gained relevance, with 7 deals registered. The services and distribution sector has been the most active, with a total of 12 deals; six in the distribution and retail subsector and six in financial and insurance. One of the month's largest deals was the acquisition of Petrogal Brasil by Sinopec for USD 4.800bn. Other highlights in November include the acquisition of a 100% stake in Shopping Jardim Sul's share capital by BR Malls, for BRL 460m. Also worthy of note was the acquisition of a 99.7% stake in Umbria Corretora's share capital by Brasil Insurance, for BRL 16.5m.
M&A LATIN AMERICA
As in previous months, Chile and Mexico were particularly active. One of Chile's transactional highlights was the announced acquisition of a 24.5% stake in mining company Anglo American Sur by Japan-based Mitsubishi, for USD 5.39bn. This deal compromised another transaction, Chile-based Codelco intended to exercise its right to acquire a 49% stake in the mining company for USD 9.76bn. Other highlights in Chile included the acquisition of a 40% stake in Intervial Chile (previously known as Cintra Chile), owned by Spain-based Ferrovial, by Colombia-based Interconexión Eléctrica - ISA. In Mexico, highlights included the takeover announcement by telephone operator América Móvil, to acquire the remaining 32.6% in Telmex's share capital for USD 4.65bn. Peru was also one of the most dynamic countries, having registered a few important deals. The acquisitions of Negocios Rafmar for USD 19.8m, and of Consorcio Vollmacht for USD 6.3m by China Fishery Group, through its subsidiary CFG Investment.
