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Latin Trade

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Buttoned up.(RADAR)(Hugo Boss AG, Pierre Cardin buy buttons of Ecuadoran origin.)(Brief article)
Hugo Boss, Pierre Cardin and Valentino Rossi, among other designers, are happy to buy buttons of Ecuadoran origin. The reason is that the best tagua--a kind of palm tree grown in the northern . . .

LTV Networks.(REGIONAL)(LTV Post Production Services Co.)(The Nasdaq Stock Market Inc.)(Brief article)
LTV NETWORKS, a U.S. television company, announced the creation of Latin Television, which will list equity in the Nasdaq stock exchange in New York. Latin Television is the product of a merger . . .

Phone home.(PANORAMA)(Oswaldo Cisneros)(Telvenco)(Brief article)
Telvenco, a conglomerate controlled by Venezuelan magnate Oswaldo Cisneros, said it will buy for US$425 million Digitel, a Venezuelan wireless telephone company, from Telecom Italia's Venezuelan . . .

AMB Property.(MEXICO)
AMB PROPERTY, a U.S. real estate developer, and G. Accion, a Mexican developer, will invest US$55 million building an 87,700 square-meter industrial park in Mexico City. The two companies will . . .

Desarrolladora Homex.(MEXICO)
DESARROLLADORA HOMEX, a Mexican construction company, completed a secondary stock issue in U.S. markets, raising US$255 . . .

Soft sell.(RADAR)(Unilever Group)(Brief article)
Consumer goods giant Unilever, better known for shampoos and the like, has embarked on a new business in Latin America: book publishing. And winningly so. The first effort is the release in . . .

Busy signals.(10 YEARS AGO IN LATIN TRADE)(usage of Wireless telephones has increased in Brazil.)(Brief article)
The number of cell phones in Brazil is expected to zoom to 6 million by 1998--an enormous market for the private investors who will win bids to provide the expanded service. "Brazil needs an . . .

It's on me.(PANORAMA)(Petroleos de Venezuela S.A.)(Brief article)
Venezuela, one of the world's biggest oil producers, has got some money to spend thanks to high crude prices. Windfall oil revenue not only improves life for many in the country, but also allows . . .

American Electric Power.(MEXICO)(American Electric Power Company Inc. sells stake in its power generator to InterGen)(Brief arti
AMERICAN ELECTRIC POWER, a U.S. energy company, sold for US$29 million a 50% stake in its Bajio power generator, located in Guanajuato state in Mexico, to InterGen, another U.S. energy company. The . . .

Mexico.
MEXICO will invest US$250 million rebuilding the resort city of Cancun, which suffered widespread damage from Hurricane Wilma last October. The country wants the city to be 100% back to normal by . . .

Linking up.(1 YEAR AGO IN LATIN TRADE)(Brief article)
Colombia and Venezuela have pledged to construct a natural gas link between the two countries. The USS170 million project would run from La Guajira in Colombia's northeast to the western Venezuelan . . .

Industrias Penoles.(MEXICO)
INDUSTRIAS PENOLES, a Mexican mining company, will sell its Pinos Altos gold deposit in Chihuahua state to Agnico-Eagle Mines, a Canadian mining outfit. Under the agreement, Agnico-Eagle will pay . . .

WFI.(MEXICO)
WFI, a U.S. wireless-network service provider, sold for US$18 million all of its Mexican assets to Sakoki, an investment vehicle controlled by WFI's former CEO Massih Tayebi. Tayebi's brother, . . .

Puerto de Liverpool.(MEXICO)
PUERTO DE LIVERPOOL, a Mexican department-store chain, will invest US$120 million building four new retail outlets in Jalapa, Coatzacoalcos, Colima and Mexico . . .

Carso Infraestructura y Construccion.(MEXICO)
CARSO INFRAESTRUCTURA Y CONSTRUCCION, a construction company controlled by Mexican magnate Carlos Slim, signed a US$258.4 million contract to build the Libramiento Norte highway in Mexico City. . . .

Click here.(5 YEARS AGO IN LATIN TRADE)(Brief article)
The future for Latin America's dot-corns breaks down into a couple of big, easy-to-handle chunks, say industry specialists--either make money at something real, or die. Banner ads, those . . .

Grupo Bimbo.(MEXICO)
GRUPO BIMBO, a Mexican food company, bought for US$7 million Uruguayan food companies Walter M. Doldan and Los Sorchantes. Combined sales of the companies reached $6.9 million in 2005. The . . .

Hipotecaria Mexico.(MEXICO)
HIPOTECARIA MEXICO, a Mexican financial institution, sold for US$19.1 million its entire stake in Metrofinanciera, a financial institution, to its partners in the company. Regulators must approve . . .

ICA.(MEXICO)
ICA, a Mexican engineering and construction company, signed a contract to build for US$183.4 million seven buildings at Mexico City International Airport's second terminal. The project should wrap . . .

Grupo Financiero Banorte.(MEXICO)
GRUPO FINANCIERO BANORTE, a Mexican financial institution, said its subsidiary Banco Mercantil del Norte bought for US$259 million a 70% stake in INB Financial Corp, a U.S. financial services . . .

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