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In the third quarter of 2013, the Latin American transactional market was particularly dynamic, with several relevant deals registered. Brazil was the most active country with 232 deals both announced and closed, followed by Mexico with 58 and Chile with 43. In addition, the total investment volume in Latin America increased considerably this quarter compared with the previous one; escalating from USD 60.93bn to some USD 119.98bn. Highlights include a takeover offer launched by Mexico-based América Móvil, controlled by Mexican entrepreneur Carlos Slim, to acquire a 72% stake in KPN, a Holland-based telecommunications company. With this deal, América Móvil attained 100% of the capital. The deal value was some USD 9.60bn. Furthermore, MetLife, a US-based insurance company, acquired through a takeover offer a 90.38% stake in AFP Provida, a Chile-based pension funds management company. The deal value was some USD 1.84bn. The seller in this deal was Spain-based financial institution BBVA.
GNL Quintero - Energy company, especialized in gas.
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