Deal activity in Latin America plunged to an all-time low in the first half of the year as the arrival of the new coronavirus stunted deal activity.

A total of 199 mergers and acquisitions worth $8.1 billion closed during the first six months of the yeart, down from 316 deals worth $35 billion in the same period the previous year, according to data from Mergermarket. The 77% decline in deal value is the worst since the firm started tracking activity in the region in 2001.

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