Western Europe Central & Eastern Europe Asia North America
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| Best M&A deal |
| Coca-Cola Femsa |
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Type of deal: acquisition of Panamco Size: $3.6 billion Date: December 2002 Advisers: JPMorgan, Morgan Stanley |
It was not a banner year for M&A in Latin America. For most of 2002, there were only three announced deals of any size: Petrobrás buying Pérez Companc in the oil industry, Pepsi Bottling Group buying Pepsi-Gemex in bottling, and Corus buying CSN in cement. When the latter fell through, the Latin M&A league tables were looking decidedly bare.
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