28 Jan 2019, Stella Zlatareva, EMIS M&A Team
December's Top Deals
Latin America’s top deal in December was the acquisition by Boeing of 80% in Embraer’s commercial jet operations. The USD 4.2bn transaction was legally challenged but ultimately approved by the Brazilian government in early January. It would allow Boeing to compete regionally with its main rival Airbus and to gain a strategic foothold in the market for smaller planes.
The largest deal in emerging markets in general was the purchase of the Indian consumer healthcare unit of GlaxoSmithKline by local Hindustan Unilever for USD 4.5bn. The takeover is one of the largest deals across the fast moving consumer goods (FMCG) sector in India and includes consumer healthcare nutrition products, such as the popular malt milk drink Horlicks.
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Original source: EMIS - DealWatch