M&A News

Consolidation will continue in Brazil's banking sector as state-controlled Banco do Brasil works to once again become the market leader. CFW reported three weeks ago on the US$17.7bn... 2008-11-26

Japanese exploration group Inpex has received regulatory approval to acquire half of Royal Dutch Shell's 40% stake in Block BM-C-31 in the Campos Basin offshore Brazil. The price... 2008-11-05

Vancouver, Canada-based Cardero Resource has sold its Peruvian Iron Ore property to Nanjinzhao Group. The privately owned Chinese company will pay an initial US$10mn and then a final... 2008-10-30

Smithfield Foods recently announced the sale of its beef production plant, Smithfield Beef Group, to Brazilian beef giant JBS in a US$565mn deal, with a further US$150mn to be received... 2008-10-30

The Bolivian government has signed a document agreeing to compensate US-based Ashmore Energy International for its 25% stake in the Transredes pipeline company that the government... 2008-10-21

Brazilian regulator Anatel has approved changes to the Plano Geral de Outorgas (PGO, Plan for Concessions and Licences), marking a big step towards the long anticipated merger of... 2008-10-21

Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) confirmed on October 15 that it has sold its Argentine healthcare provider unit, Consolidar Salud, to local health and... 2008-10-16

On October 14, investment firm Banking & Trading Group (BTG) said it will buy the Brazilian units of bankrupt securities firm Lehman Brothers for an undisclosed sum, in a move... 2008-10-15

Spanish telecoms operator Telefónica SA (Telefónica) has raised its offer for its Chilean affiliate Telefónica Chile (CTC) by 10%, sending CTC stock up by over 17% in midday trade... 2008-10-13

It was bad news for Spain's Telefonica on October 7, when shareholders in regional unit Telefonica Chile (CTC) blocked its gain sole control of the Chilean telephone company. Shareholders... 2008-10-08