Bank run.(PANORAMA)
Banks both foreign and domestic are on a buying spree in booming
Brazil. UBS, a U.S.-Swiss financial institution, bought for US$2.50
billion Banco Pactual, a Brazilian financial institution. UBS . . .
Petroleos Mexicanos (Pemex).(MEXICO)
PETROLEOS MEXICANOS (PEMEX), said it wrapped up consolidating six
of its petrochemical units into one company. The restructuring will make
the company more competitive, Pemex . . .
Banorte.(MEXICO)
BANORTE, a Mexican bank, bought for US$20 million UniTeller, a U.S.
remittances company based in New Jersey. The sale gives Banorte
remittance operations in 41 U.S. . . .
Telefonos De Mexico (Telmex).(MEXICO)
TELEFONOS DE MEXICO (TELMEX), a Mexican telecommunications company,
offered an estimated US$915 million for all shares it doesn't
already own of Embratel Participacoes, a Brazilian telecom. . . .
Colombia.(COLOMBIA)
COLOMBIA will sell 99.98% of Granbanco Bancafe, a state-owned bank,
for a minimum US$469 million in a public auction. The sale follows a
government plan to create a new consumer credit . . .
Michelin.(MEXICO)
MICHELIN, a French tire company, will build a new production
facility in Mexico. Terms were not . . .
BEHR.(MEXICO)
BEHR, a German autoparts company, will invest US$13 million on a
40,000 squaremeter production facility in Coahuila state in Mexico. The
plant will open for business early next year and create 250 . . .
Cemex.(MEXICO)
CEMEX, a Mexican cement company, agreed to sell for US$337 million
its 24.9% stake in PT Semen Gresik, an Indonesia cement company, to the
Raiawali Group, also of Indonesia. Regulators must approve . . .
Comcel.(COLOMBIA)
COMCEL, the Colombia subsidiary of Mexican mobile phone giant
America Movil, plans to issue US$427.8 million in stock and . . .
Antarchile.(CHILE)
ANTARCHILE, an investment vehicle controlled by Chile's
Angelini family, bought for US$228 million a 9.5% stake in the Colbun
power generator from Suez Energy Andino, the Chilean subsidiary of . . .
Companhia Vale Do Rio Doce.(PERU)
COMPANHIA VALE DO RIO DOCE, a Brazilian metals and mining company,
and Antofagasta, a Chilean miner, will sell their copper mining rights
in Peru. Their 50-50 joint venture, known as Cordillera de . . .
Alsea.(MEXICO)
ALSEA, a Mexican restaurant operator, said it opened 53 stores in
April across Latin America, including brands such as Burger King,
Chili's, Domino's Pizza and Popeyes Chicken. Terms were . . .
Sharyland Utilities.(MEXICO)
SHARYLAND UTILITIES, a U.S. electricity company, said it began
construction on a US$40 million power plant that will link Mexican and
Texas power grids. The plant will allow the two grids to rely . . .
Caterpillar.(MEXICO)
CATERPILLAR, a U.S. heavy equipment maker, will buy for US$1
billion Progress Bail, a U.S. railcar services company, from One Equity
Partners, a private-equity affiliate of JPMorgan Chase. Progress . . .
Empresas Carozzi.(CHILE)
EMPRESAS CAROZZI, a Chilean food company, bought for US$27.9
million all assets controlled by Compania Molinera San Cristobal,
another Chilean food company. Carozzi also took on $4.4 million of . . .
Xstrata.(PERU)
XSTRATA, a Swiss metals and mining company, bought for US$750
million the Tintaya copper mine in Peru from BHP Billiton, a global
mining company. The purchase adds 120,000 tons of copper cathodes . . .
U.S. antimony.(MEXICO)
U.S. ANTIMONY, a U.S. producer of antimony, a chemical element used
in the production of semiconductors, won permission to develop a plant
in Coahuila state, Mexico. Feed will come from antimony . . .
Grupo Cementos Chihuahua.(MEXICO)
GRUPO CEMENTOS CHIHUAHUA, a Mexican cement company, bought for
US$271.1 million full control of Mid-Continent Concrete, a U.S. concrete
company. The purchase is part of Grupo Cementos Chihuahua's . . .
Royal Caribbean.(COLOMBIA)
ROYAL CARIBBEAN, a U.S. cruise line, and Celebrity Cruises, another
U.S. cruise line, will resume calls on the Port of Cartagena, in
Colombia beginning in April 2007. The lines said Colombia has . . .
Cencosud.(CHILE)
CENCOSUD, a Chilean retail operator, agreed to buy for US$35.4
million a shopping mall and three supermarkets from Sociedad Inversiones
Infante Limitada, a Chilean investment firm. All assets are . . .
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