Mergers and acquisitions in Latin America reached $74.33 billion last year, down from the $116 billion from 2014, reflecting the tough year for the region in general.
According to a report by Deloitte, most of the year’s deals were sealed in the first quarter, accounting for 29 percent of the year’s total.
The main sectors for those deals were services, financial and industrial services.
In the new ranking, Brazil and Mexico continue to lead in terms of numbers of deals reached, with the largest for the whole year being the acquisition of HSBC’s Brazilian assets by Banco Bradesco for $5.2 billion. In fact, all top 20 deals last year were in Mexico and Brazil.
Among the top 10 is the acquisition of Mexican medical firm Rimsa by Israel-based Teva Pharmaceutical Industries for $2.3 billion. Latin Trade spoke with Teva’s CFO for Latin America, Virigilio Penso, who shared his thoughts on the acquisition, as well as the company’s outlook and strategies for the region.
Read the full article at Latin Trade