Plan B.(1 YEAR AGO IN LATIN TRADE)(Brief article)
Cellular telephony is driving drastic change, and it's
beginning to take bigger bites in a market once controlled by companies
like Empresa de Telecomunicaciones de Bogota (ETB). According to . . .
Paving the way.(5 YEARS AGO IN LATIN TRADE,Yucatan,Mexico)(Brief
article)
Yucatan has always been a defiant Mexican state, not unlike Texas
in the United States. So renegade is the southeastern state, in fact,
that it refers to itself as a "republic." But it is more . . .
Unbanked.(10 YEARS AGO IN LATIN TRADE)(Brief article)
Peruvian consumers never would have dreamed of such a bevy of
banking deals. The recent aggressive entry of a series of large foreign
banks into Peru's financial sector has unleashed an unholy . . .
Coming through.(PANORAMA)(Brief article)
The Panama Canal Authority says the country should invest US$5.25
billion to expand the Panama Canal by building a new shipping lane,
pending Congressional review and a national referendum. The . . .
R&G Financial.(REGIONAL)
R&G FINANCIAL, a Puerto Bican financial institution, will sell
US$150 million in preferred stock in U.S. markets. The company will also
suspend dividend payments on common stock in an effort to . . .
Alcatel.(REGIONAL)
ALCATEL, a French telecommunications equipment company, will merge
with Lucent, a U.S. company of the same sector. The companies should
report combined annual revenues of US$25 . . .
Impreglio.(VENEZUELA)
IMPREGLIO, an Italian development company, signed US$3.70 billion
in contracts to build two new railroad lines in Venezuela as well as
complete construction on a third. Construction is expected to . . .
Duke Energy International.(PERU)
DUKE ENERGY INTERNATIONAL, a U.S. energy company, bought for US$31
million a 27.1% stake in Aguaytia, a Peruvian natural gas company, from
El Paso Corporation and PPL, both U.S. energy companies. . . .
Steris.(MEXICO)
STERIS, a U.S. pharmaceutical company, will lease a manufacturing
facility in Monterrey, Mexico from the Avante Group, a Mexican real
estate company. Terms were not . . .
Worldspan Rapid Reprice.(MEXICO)
WORLDSPAN RAPID REPRICE, a travel technology company, said
Mexicana, a Mexican airline, has adopted its ticket re-pricing programs,
which recommends ticket prices when travel itineraries change. . . .
Standard Register.(MEXICO)
STANDARD REGISTER, a document services company, will open a 2,800
square-meter production and ser vice facility in Monterrey, Mexico.
Terms were not . . .
Global Crossing.(MEXICO)
GLOBAL CROSSING, a U.S. telecommunications network company, will
provide call-center services to Mexicana de Aviacion, a Mexican airline
company, which will support U.S. reservation centers. Terms . . .
Vitro.(MEXICO)
VITRO, a Mexican glassmaker, wrapped up an acquisition of a 96%
stake in Vidrios Panamenos, a Panamanian glass company. Terms were . . .
Gushers.(PANORAMA)(Brief article)
Despite the constant drumbeat of diplomatic and political
contretemps between the governments of Venezuela and the United States,
the oil business is moving ahead just the same. Harvest . . .
Vitro.(MEXICO)
VITRO, a Mexican glass company, will sell for US$80 million its 51%
stake in the Vitrocrisa manufacturing joint venture to partner Libbey, a
U.S. glass company. Libbey now owns 100% of . . .
ICA.(MEXICO)
ICA, a Mexican construction and engineering company, won US$120.1
million in four contracts to build a sports complex in Venezuela as well
as an arts center in Mexico. The other two contracts . . .
Global Industries.(MEXICO)
GLOBAL INDUSTRIES, a U.S. construction company catering to the
energy sector, won a US$130 million contract to build a pipeline for
Pemex, Mexico's state-owned oil company. The pipeline, to . . .
Calpine.(MEXICO,Calpine Corp.,Mitsui and Chubu)(Brief
article)
CALPINE, a U.S. energy company, agreed to sell for US$43 million
its 45% stake in Valladolid II, a Mexican power plant currently under
construction, to partners Mitsui and Chubu, both of Japan. . . .
Urbi.(MEXICO)
URBI, a Mexican homebuilder, raised US$150 million in a 10-year
bond issue. The money will pay down debts and fund general . . .
Grupo Gigante.(MEXICO)
GRUPO GIGANTE, a Mexican grocery chain, raised US$260 million in an
international bond issue. Money raised from the 10-year instruments will
prepay . . .
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