Oi’s Acquisition of Portugal Telecom: Top M&A of 2013
F4A1E8C5-22B3-47D0-A730-505F7B19BF73

20th February 2014

Petrobras also unloaded more than $4 billion in assets.

The acquisition of Portugal Telecom by Brazil’s largest telephone company, Oi, was the largest M&A of the year according to LBC’s latest list of Latin America’s Top 100 M&As. The $15 billion deal dwarfed any other M&A in the region last year, and will create a new company with almost $17 billion in annual sales that will help the company to better operate in the European and Latin American markets with greater access to capital, and easier negotiating with phone companies and suppliers – thereby reducing costs.  While the $15 billion merger was the largest on the list – more than three times as valuable as the second place merger of Repsol Peru by Royal Dutch Shell for $4.3 billion – it did not surpass the record-breaking $20 billion acquisition of Grupo Model by Anheuser Busch InBev in 2012.
Shell’s acquisition of Repsol Peru was part of its drive to expand its liquefied natural gas (LNG) holdings outside North America, according to a press release on the company’s website. For the price, the company acquired supply positions in Peru as well as Trinidad and Tobago. The third-place largest acquisition came from Odebrecht and Singapore’s Changi Airport Group’s acquisition of Antônio Carlos Jobim Airport, also known as Galeão, in Rio de Janeiro, for $4.2 billion. The two companies outbid the minimum bid to acquire the airport, and will be responsible for upgrading the airport to prepare for the country’s …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US