Grupo Bimbo, a Mexican bread company, said it will buy assets
controlled by Empresas Chocolates La Corona, a Mexican confectione
GRUPO BIMBO, a Mexican bread company, said it will buy assets
controlled by Empresas Chocolates La Corona, a Mexican confectioner, for
US$43 million. Mexican regulators must approve the . . .
TV Azteca.(MEXICO)
TV AZTECA, a Mexican television company, made US$59 million in cash
payments to shareholders as part of an $80 million disbursement. The
company will pay out the remaining $21 million in . . .
Harken Energy Corporation, a U.S. oil and gas company, said its
unit Global Energy Development signed an agreement with Colombia
HARKEN ENERGY CORPORATION, a U.S. oil and gas company, said its
unit Global Energy Development signed an agreement with Colombia to
evaluate natural resources in Valle Lunar in eastern Colombia. . . .
Colombia will invest US$25 million on various projects on the San
Andres and Providencia archipelago through 2007.(COLOMBIA)
COLOMBIA will invest US$25 million on various projects on the San
Andres and Providencia archipelago through 2007. Proceeds will largely
modernize roads in the . . .
Colombia will invest US$180 million exploring for oil through
2005.(COLOMBIA)
COLOMBIA will invest US$180 million exploring for oil through 2005.
The government hopes to develop upstream oil operations, especially
along the Pacific . . .
The Multilateral Investment Fund, a private-sector development
arm of the Inter-American Development Bank, will provide US$1.1 m
THE MULTILATERAL INVESTMENT FUND, a private-sector development arm
of the Inter-American Development Bank, will provide US$1.1 million to
hundreds of Central American artisans and integrate them . . .
The International Finance Corporation, the private-sector lending
arm of the World Bank earmarked a US$30 million line of credit
THE INTERNATIONAL FINANCE CORPORATION, the private-sector lending
arm of the World Bank earmarked a US$30 million line of credit for TACA,
an El Salvadoran airline, which will use the funds to help . . .
Companhia Vale Do Rio Doce, a Brazilian metals and mining giant,
and Itochu Corporation, a Japanese trading company, signed a me
COMPANHIA VALE DO RIO DOCE, a Brazilian metals and mining giant,
and Itochu Corporation, a Japanese trading company, signed a memorandum
of understanding to create a new coal-mining consortium in . . .
Ultrapar Participacoes.(BRAZIL)
ULTRAPAR PARTICIPACOES, a Brazilian industrial conglomerate, said
it will borrow US$60 million in a three-year syndicated loan in the
global market to pay down . . .
Perdigao Agroindustrial, a Brazilian agribusiness, agreed to buy
for US$16 million control of Mary Loise Industria de Alimentos
PERDIGAO AGROINDUSTRIAL, a Brazilian agribusiness, agreed to buy
for US$16 million control of Mary Loise Industria de Alimentos and Mary
Loise Industria e Comercio de Racoes, Brazilian food . . .
Banco Nacional De Desenvolvimento Economico, Brazil's
state-owned development bank, approved US$61.6 million in financing for
Ta
BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO, Brazil's
state-owned development bank, approved US$61.6 million in financing for
Tame, an Ecuadoran airline. Proceeds will finance the purchase of . . .
Sonae, a Portuguese retailer, said it will sell 10 of its Big
brand of Brazilian supermarkets in Silo Paulo to
Carrefour.(BRAZIL
SONAE, a Portuguese retailer, said it will sell 10 of its Big brand
of Brazilian supermarkets in Silo Paulo to Carrefour, a French retailer,
in a deal worth US$125 . . .
Inbev, the global brewer born out of the merger of Brazil's
AmBev and Belgium's Interbrew.(BRAZIL)
INBEV, the global brewer born out of the merger of Brazil's
AmBev and Belgium's Interbrew, said it will spend up to US$605
million acquiring outstanding AmBev shares on the open market over . . .
Embraer, a Brazilian aircraft maker, has agreed to sell for
US$650 million 20 of its 190-model aircraft to GE Commercial Aviatio
EMBRAER, a Brazilian aircraft maker, has agreed to sell for US$650
million 20 of its 190-model aircraft to GE Commercial Aviation Services,
an airplane leasing company. Deliveries will begin in . . .
Flybe, a U.K. low-cost airline, agreed to buy 14 195-model
aircraft from Embraer, a Brazilian airplane manufacturer for US$470
m
FLYBE, a U.K. low-cost airline, agreed to buy 14 195-model aircraft
from Embraer, a Brazilian airplane manufacturer for US$470 million.
Flybe has the option to buy another 12, which if exercised . . .
Petrobras, Brazil's state-run oil company, entered an
agreement with Japan Bank for International Cooperation, Sumitomo Mitsui
B
PETROBRAS, Brazil's state-run oil company, entered an
agreement with Japan Bank for International Cooperation, Sumitomo Mitsui
Banking Corporation and other Japanese institutions to finance . . .
The World Bank, a multilateral lending institution, approved
US$43.4 million in interest-free loans for Bolivia.(BOLIVIA)
THE WORLD BANK, a multilateral lending institution, approved
US$43.4 million in interest-free loans for Bolivia. The financing will
give rural communities access to markets as well as develop . . .
Enrique V. Iglesias, president of the Inter-American Development
Bank, a multilateral lending agency, announced his resignation
ENRIQUE V. IGLESIAS, president of the Inter-American Development
Bank, a multilateral lending agency, announced his resignation effective
Sept. 30. Iglesias was first elected to head the bank in . . .
Bonds, big bonds.(PANORAMA)
Global banks are hungry for Brazilian debt. The government sold
US$600 million in 10-year global bonds in June. International investment
banks Citigroup and HSBC led the issue. Brazil raised $500 . . .
Winner's circle.(Letter to the Editor)
I would like to congratulate LATIN TRADE on winning three editorial
and design awards in June, the result of a very big effort, one that
could only be achieved via the unity, strength and . . .
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