Sectors in which we expect further M&A activity in Latin America include:
-Telecoms, following the trends of rising demand and convergence with media and data services companies.
-Consumer products, spurred by consolidation in the non-alcoholic beverage and food processing industries
-Financial services, as some European banks divest of certain Latin American assets to support capital at the parent level.
North American Sector-by-Sector
We believe that a revival in transaction levels and volumes is dependent on continued positive momentum in the U.S. economy and the eurozone economic and banking difficulties not deteriorating materially.
"If this positive scenario for M&A were to play out, U.S. industries in which we would expect to see an elevated level of M&A in 2013 include technology, telecom, energy, and health care," says
, managing director in the Corporate Ratings Group of Standard & Poor's "Growth in gaming activity across states should lead to increased M&A in that sector as well. In
, we expect the mining industry to be very active this year, as it was in 2012."
The reports on Mergers & Acquisitions are part of a series of articles collected under the title "The Credit Cloud" which provide insight on the competing forces that can influence corporate credit quality and alter the fragile equilibrium that currently exists in the global corporate credit landscape.
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