News

Camargo Corrêa launches IPO

22 March 2007

Brazilian real estate developer Camargo Corrêa Desenvolvimento Imobiliário has raised US$249 million in an initial public offering. It is the latest of many capital markets offers in the Brazilian property sector.

Homebuilders plan for investment grading

22 March 2007

Brazilian homebuilder Gafisa and the country's largest engineering and construction company Odebrecht are teaming up, in preparation for Brazil's long-anticipated investment grade status.

Uruguay sells off airline

22 March 2007

Uruguay's government is selling control of the country's flagship airline, Pluna.

New capital markets partner in Peru

22 March 2007

Peruvian firm Estudio Olaechea has promoted Jesús Matos to partner and made him head of the firm's capital market department.

Ecuador fails to appoint in Oxy claim

22 March 2007

The tribunal has been constituted in Oxy's billion-dollar claim against the Republic of Ecuador. The respondent state failed to make a nomination.

Meritas adds Central American firms

22 March 2007

International law firm alliance Meritas is expanding its Central American presence, bringing law firms from El Salvador, Honduras and Nicaragua to the fold. It has also has a new member firm in Colombia.

Brazil moves to cut red tape at behest of World Bank

22 March 2007

A World Bank report has called for Brazil to lift regulatory barriers on private investment. It highlights particularly the country's need for more investment in the infrastructure sector.

Markets take a gamble on insurer

22 March 2007

Sul América has issued bonds worth US$200 million in Brazil - reportedly the first insurance company to make an issuance in Latin America.

Brazilian dairy producer offers bonds

22 March 2007

Brazilian agribusiness Fábrica de Produtos Alimentícios Vigor has accessed the international markets for the first time with a US$100 million bond offer.

Mexican port cleared of competition charges

22 March 2007

Mexico's Competition Commission has cleared the Progreso port authority of all charges of monopolistic practices.