News

Gas Natural enters Mexican electricity market

15 January 2008

Spanish energy group Gas Natural has closed a US$1.45 billion deal to buy electricity generation plants from French energy company EDF and Japan’s Mitsubishi, marking its entry into Mexico’s electricity sector.

Supermarket sale ends legal wrangle

15 January 2008

Chilean conglomerate Grupo Saieh has entered the country’s supermarket industry, creating a new competitor for market leaders D&S and Cencosud and ending a seven-year legal battle.

Greenberg Traurig hires Latin American team

15 January 2008

Greenberg Traurig LLP’s Miami office has hired a Latin American practitioner and his team to join its corporate and securities department.

Changes corporation law help Brazil tap capital markets

15 January 2008

Brazil’s accounting practices have been brought into line with international standards, easing the access of Brazilian companies to international capital markets.

Germany buys into Brazilian rubber

15 January 2008

German chemical company Lanxess is buying a majority stake in Brazilian synthetic rubber producer Petroflex.

Linklaters and Skadden top M&A league tables

15 January 2008

Linklaters and Skadden, Arps, Slate, Meagher & Flom LLP have topped Latin American M&A league tables for 2007, heading lists released by M&A data collector Mergermarket.

Brazilian cable TV group widens net

15 January 2008

Brazil’s NET Serviços de Telecomunicações, one of the largest cable TV operators in Latin America, is expanding its cable TV and broadband internet services further.

CADE fines Vale for non-compliance

15 January 2008

Brazil’s competition authority CADE has fined iron ore miner Vale over US$19 million, after a court reversed a judicial injunction.

Hanesbrands buys again in Central America

15 January 2008

US clothing group Hanesbrands has bought Salvadorian underwear and tights manufacturer Bonaventure.

Ashmore buys assets in Chile and Peru

10 January 2008

US energy company PSEG has sold its interests in Chilean and Peruvian power companies to Houston-based AEI.