21 Feb 2019, Stella Zlatareva, EMIS M&A Team
January's Top Deals
The retail sector in China produced the largest deal in January, namely the reverse takeover of furniture retailer Beijing Easyhome by department store operator Wuhan Zhongshang for USD 5.5bn. For the buyer, which is listed on the Shenzhen Stock Exchange, the deal means access to the huge distribution channels of Beijing Easyhome with over 280 stores across China.
No transaction managed to reach the USD 1bn mark in Latin America last month. The biggest purchase was the acquisition of a portfolio of three co-generation plants of Alpek in Mexico for USD 801mn. The buyer, British energy group ContourGlobal, is acquiring two natural gas-fired combined heat and power plants operating in the Mexican states of Veracruz and Tamaulipas. They have a gross installed capacity of 518 MW while the third plant has a planned capacity of 414 MW.
Original source: EMIS - DealWatch