Among the most dynamic sectors are the platform companies that stand out in the M&A scenario linking up with traditional firms to expand market segments. Refering to sector distribution of the ads, in terms of amount lead the mining and financial sectors, although it fits clarify that most ads do not disclose the amounts of operations. Therefore, it is also important to consider the number of operations produced in each sector. In this sense, the manufacturing industry leads in quantity with 6 operationsfollowed by industry financial and the of software, with 5 operations each. In turn, operations between platform companies or companies linked to the new economy stand out.
In respect of the territorial distribution of the M&A, the great majority occurred in the Province of Buenos Aires and CABA, especially in the AMBA, which concentrates the bulk of mergers, acquisitions and joint ventures with 8 ads in each districtfollowed by 5 “Nationwide” Classified Ads. In general, the announcements detected in the rest of the country have the extractive sector as the protagonist.
In the Province of Buenos Aires, large companies bet heavily on the acquisition of companies in the energy (renewable) and biotechnology sectors. The main recipient sectors of M&A operations by companies located in the Province of Buenos Aires are those corresponding to electric power (which includes a project to develop irrigation systems renewable) and companies dedicated to the biotechnology.
Thus, both Argentina and the Province of Buenos Aires recover their pre-pandemic attractiveness for foreign capital according to the origin of the capital. At the national level, it is noted that of the 27 operations, 20 correspond to foreign companies (74%). While the participation of foreign companies is greater if we consider the amounts involved, 99%. Thus, in This semester begins to reverse the trend towards the nationalization of assetswhich had been recorded since the pandemic.
On the other hand, the report made by the province highlights that Argentina registers national companies expanding to the rest of the world, mainly companies related to new technologies. Among them are distinguished Mercadolibre, Despegar, and Globant, with various expansion movements in the region. Then, and to a lesser extent, local energy and biotechnology companies expand in non-LATAM countries.
A) Yes, the theory of the mass exodus of companies from the country collapses since, during the first half of 2022 no company announced the exodus from the country, nor closure or suspension of operations, counting only the announcement by Nike to renew their intentions to sell, although it should be clarified that the transaction does not imply the departure of the brand from Argentina or the closure of stores, but the change of the operator in charge of the business.
Source: Ambito
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