Bullish foreign investors tempted by attractively priced assets helped spur Chile’s M&A market last year.

Indeed, as many local firms went into defensive mode amid heightened economic and political uncertainty stemming from factors including constitutional reform, international players saw a juicy opportunity to snap up assets,  betting on Chile’s long-term prospects.

Against this backdrop, Chile’s electric power sector is expected to continue being a key dealmaking driver this year, a trend that may be strengthened by possible asset divestments linked to curtailment and price decoupling, which is creating financial stress for some renewables generators. 

Chile, where the veil of uncertainty is now thinning, was ranked the No. 2 target for investment in Latin America in 2023 after Brazil. Energy, mining, infrastructure, financial services and technology are attracting the most attention, according to research from the local office of professional services firm Deloitte.  

Source: Business News Americas / BN Americas - Chile