Peru: Bright spot
SUPPLEMENT - THE 2009 GUIDE TO MERGERS & ACQUISITIONS - June 01, 2009
Marroquin & Merino
Address
Centro Empresarial Real Avenue Victor Andres Belaunde,
147 Via Principal 110 Torre Real Cinco Piso 12
Lima 27
Peru
Telephone
+51 1 421 8459
Fax
+51 1 421 8459
Peru's economy is enviably strong. It is the only economy in Latin America that is growing (4% this year as reported by the World Bank). And it is expected to continue growing for many years to come. Indeed, renowned Peruvian economist Diego de la Torre has announced that if steady growth is maintained and quality investments are made in infrastructure and education, Peru's economy will improve dramatically. It will overtake Chile's by 2017, will be similar to Portugal's in 2027, and will reach Spain's level in 2037. This mathematical prediction implies that Peru has the potential to achieve first world economic status within less than 30 years.
The world of M&A has not been a stranger to this welcome economic news. Despite constraints imposed by the international financial crisis, foreign capital keeps flowing into Peru in record figures and a flurry of acquisitions in many sectors of the economy is...
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