Chile and Colombia are the only countries in the region where the number of businesses grows

A new Transactional Track Record (TTR) report of business transactions in the region revealed that Colombia and Chile remain the only two countries where this practice grows in the number of transactions as well as amount negotiated.

According to TTR, the acquisition of 99.84% of Australis Foods by China's Joyvio was the highlight of the July operation. Values in millions of USD, accumulated from the beginning of the year up to July
According to TTR, the acquisition of 99.84% of Australis Foods by China's Joyvio was the highlight of the July operation. Values in millions of USD, accumulated from the beginning of the year up to July

The number of transactions (mergers, acquisitions or capital injections) carried out in Colombia in the first seven months of the year adds up to 114 businesses, 13% more than the same period last year. The same happens with the mobilized capital, the total amount of US$3,343 million, is 103% higher than what was obtained in 2018. According to the report, Colombia climbed one position in the ranking.

In the case of Chile, the number of businesses carried out rose to 136 operations (an 8% increase), while the amount added by operations (US$4.521 billion) represents a 29% increase over the same period last year.

Argentina and Mexico were the countries that recorded the largest falls in the number of operations recorded between January and July this year, with decreases of 35% and 24%, respectively, while in the capital mobilized the two countries that are last in the table are Peru (with a decrease of 56%) and Mexico (with -26%).

"Brazil continues to lead the regional ranking with 671 operations (despite a year-on-year decrease of 2%), and with an 11% increase in capital mobilized (US$32,863 million). It is followed by Mexico, with 167 operations (down 24%), and a 26% decline in its amount with respect to the same period in 2018 (US$7,954 million)", reads part of the report.

The business of the month in the region, according to TTR, was the acquisition of 99.84% of Australis Foods by the Chinese company Joyvio. 

"The transaction, which registered US$886 million, was advised by Claro y Cía. Abogados and by Cariola Díez Pérez-Cotapos," said TTR.

By Mexicanist

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