Doing business in Latin America newsletter: August 2009

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This third edition of the newsletter focuses on valuation multiples by industry in Latin America over the past year, from July 2008 to June 2009. Increasing valuation multiples and a declining risk aversion to Latin America are trends that have been observed through the analysis of sovereign bond yields and related spreads. These trends could lead toward an uptick in M&A activity in the region over the next 12 months.