CORRECTION: Peruvian fishing company buys rival

18 July 2007

When we published this story in Tuesday's briefing, we did not mention that Rodrigo, Elias & Medrano Abogados advised the buyer. A corrected version is published below with our apologies.

Proskauer opens in São Paulo

17 July 2007

New York firm Proskauer Rose LLP has opened an office to practice US law in São Paulo. The three-man office opened its doors on Friday, 13 July.

Prieto & Carrizosa on largest Colombian NPL deal

17 July 2007

A consortium headed by AIG has won an auction to buy a portfolio of non-performing loans and real estate assets worth US$1.2 billion, the largest deal of its kind in Colombia.

Rodrigo, Elias hires bank in-house lawyer

17 July 2007

Peruvian firm Rodrigo, Elías & Medrano Abogados has hired Diego Peschiera, assistant general counsel of Banco de Credito del Perú, as a partner.

Satmex sale 'doubtful' as bids fall short

17 July 2007

Satelites Mexicanos (Satmex) has suspended its sale after rejecting two bids, which failed to match the minimum of US$500 million specified in its restructuring plan.

EEB completes stage two of Ecogas financing

17 July 2007

Empresa de Energia de Bogota - EEB - has transferred part of the US$1.46 billion bridge loan to pay for its acquisition of Ecogás to the subsidiary that will operate it.

Demarest and Felsberg work on Firmenich-Danisco

17 July 2007

Swiss-based Firmenich, the world's largest privately owned fragrance and flavour company, has bought its rival Danisco’s flavour business in a deal worth US$620 million worldwide.

Guatemalan success story sold to Fox

17 July 2007

Fox International has bought Guatemalan online advertising network ClickDiario to boost its Spanish language output.

Lamosa to buy Carso's tile unit

12 July 2007

Mexico's Grupo Carso has agreed to sell its tile-making unit, Porcelanite Holding, to Grupo Lamosa for US$800 million excluding debt.

Ausol 'cleans up' balance sheets

12 July 2007

Argentine toll road operator Autopistas del Sol (Ausol) has refinanced burdensome debt obligations it made after the economic crisis, the latest in a series of companies to do so.