News

South Africans buy max-stake in Abril

18 May 2006

South African media group Naspers has acquired 30 per cent of Abril, a Brazilian magazine and TV group, for US$422 million. The deal closed on 5 May.

Trade talks waltz nowhere in Vienna

18 May 2006

Leaders from across Latin America and the EU met in Vienna last week to discuss closer ties. Despite warm words from all sides, no firm commitments emerged.

Mexico's watchdog gains new competition law

18 May 2006

Mexico's Competition Commission has managed to amend its national competition law. Mexico's parliament passed of sweeping series of changes proposed by the commission, on 25 and 27 April.

ICSID retains jurisdiction over El Paso

18 May 2006

The International Centre for the Settlement of Investment Disputes - ICSID - has retained jurisdiction over a US$200 million arbitration between the Republic of Argentina and El Paso Energy International Company.

Chávez emphasises business ties

18 May 2006

At a talk this week in London, president Hugo Chávez of Venezuela said his government welcomed foreign investors, and wanted to work with them as 'equal partners'.

Another step forward for Parmalat

18 May 2006

Italian food company Parmalat has sold its Etti division to the Assolan group in Brazil as part of its judicial recovery process, in a deal which closed on 24 March.

Peruvian government gives gas incentives

18 May 2006

The Peruvian government has established a programme encouraging the use of natural gas. The US$100 million programme came into effect on 28 February.

Brazilian bus company issues bonds

18 May 2006

Brazilian bus company Viação Itapemirim has made a US$45 million three-year global bond offering. The offer was extended by two months and US$10 due to high investor demand.

Colombian energy producer grows

18 May 2006

Colombian energy producer EMGESA has bought the generating assets of Termocartagena for around US$17 million, in a deal which closed on 2 March.

Court rebukes Argentina over competition agency

18 May 2006

Argentina's government has failed in its legal obligation to set up a Competition Tribunal, a court has decided. Until the tribunal has been set up, the Competition Commission should act as an independent agency, says the Court of Appeals of Mendoza.