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Although the amount is not known, on June 29, one of the most important business movements in 2018 took place in the country: the purchase of the consumer portfolio and the SMB of Citibank Colombia by Scotiabank Colpatria
Thus, the first half has been closed in terms of this type of operations and one of the best of recent years, despite the fact that it has not been in the market. uncertainty generated by the elections for the Congress and the Presidency of the Republic, as well as the slow recovery of the economy.
And have companies continued to accelerate acquisitions and capitalizations, to, among other things, achieve economies of scale, focus on strategic business and divest into non-priority
Accounting of TIME and statistics from the Superintendence of Industry and Commerce (SIC) indicate that in the first half, 69 business integrations were handled, with a 7.8% growth over first six months of 2017, while there were 64.
For its part, the 17 largest operations totaled 8.3 trillion pesos (2,898 million dollars). Although countries such as Peru and Colombia are among the most influential in the M & A market in Latin America and the Caribbean, these figures are not represented due to lack of information, Some companies decide to confidentially leave the value of the transactions, " states in a recent report Deloitte consulting firm.
However, to follow the upward trend of business readjustments, d & # 39; here the end of 2018 acquisitions of companies in Colombia will add, or even exceed, the 4,200 million dollars (12 billion pesos) projected by the consultant Baker McKenzie.
This figure would be far from the 711 million million in 2017, when, according to Deloitte, there were 56 agreements and a 25% reduction compared to 2016.
Thus, to 69% of the target of 2018 and the figure of 2017 has quad ruplé, according to said measure.
The chairman of the investment bank, Inverlink Mauricio Saldarriaga Navarro, said that although in 2018 a good number of transactions were finalized, some had been agreed last year because there was uncertainty about the results of the elections and the possibility that a leftist candidate would triumph.
"This put a lot of investment decisions on the break or the closure was very difficult," Saldarriaga added.
Appetite after elections
However, the executive considered that the political uncertainty the number of movements must be accelerated for the remainder of 2018. [19659002] "The behavior of the market in the first half was relatively slow because there was a large part of investors waiting for the outcome of the presidential elections, but there are a significant number of investors and funds from private equity who have a great appetite for Colombia, "said Inversi's Silk Banca president, Martha Juliana Silva Nigrinis
. The leader of the French company Eurogerm, specializing in ingredients for food and which has just opened its doors in the country, Jean-Philippe Girard, said: "Our presence in Colombia is It's not going to increase visibility for better expansion in the Andean and Caribbean areas. " He added that they remain attentive to any opportunity for external growth (acquisition).
According to the manager, this is due to the fact that it is a market where there are 40 major industrial bread producers and 30 flour processors.
The number of moves in the first half of the year is also determined by the purchase of Esso and Mobil service stations, from an autonomous portfolio and 2.1 trillion pesos ( EDS) and other assets of these brands in Colombia, Ecuador and Peru, in charge of an ExxonMobil holding company in the United States. United States and other countries.
Although the Autonomous Heritage has specified at the beginning of this week the transfer of a portion of the lubricant unit to the own Terpel, by 271.232 million weight, it must sell to a third party. EDS, dominant position in the market. In addition, as part of the operation, a Bucaramanga lubricants plant, which belonged to Terpel, was divested to ExxonMobil for 41,454 million pesos, so that it does not remain in a dominant position in this market.
Other Transactions
In terms of logistics, the Valórem fund has chosen to sell in the companies Suppla, Suppla Tier 1 Customs Agency and Suppla Cargo, for a similar figure 180,000 million weight . The buyer was DHL Supply Chain, a subsidiary of Deutsche Post (German operator).
Meanwhile, CMIG International, a Singapore-based multinational and controlled by China Minsheng Investment Group, has acquired the business of South African Old Mutual in our company.
While the Australian QBE Insurance completed the sale of its subsidiary in Colombia and other countries of the region to Zurich Insurance.
The capitalization of Scotiabank Colpatria, for 900,000 million pesos, Citibank's Portfolio Purchase, is also one of the major moves of the first half. Similarly, the sale to the Brookfield Canadian fund, for 1.1 billion pesos, of 41.89% of Naturgy (formerly Gas Natural Colombia), with which the former took control of 53.1% of this company.
For its part, Cementos Argos accepted the sale of the self-generating Cairo Hydroelectric plant, in the municipality of Santa Bárbara, Antioquia. The buyer is the company Grupo Luz y Fuerza Colombia, which is of Central American origin and will make other acquisitions in the country.
For its part, the company from Stuttgart bought the trademark Automercol (Mercedes-Benz authorized dealer of the country) to compete in the sector of the commercialization of vehicles in Bogota. In turn, the buyer controls the companies Continental Automotora (Continautos) and Kyoto.
Provenance: eltiempo.com
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