header_logo
cancel1

News

Bonds backed by students' fees to pay for university expansion
Bonds backed by students' fees to pay for university expansion

Bonds backed by students' fees to pay for university expansion

17 April 2003

A Chilean finance company, Abn Amro Securitizadora SA (AAS), has issued securitised bonds backed by future cash flows from students for an amount of UF1 million (approximately US$24 million). The issuance was registered by the Superintendency of Securities and Insurance on April 7, and the bonds are scheduled to be placed in May.

Energy services company sold in Brazil
Energy services company sold in Brazil

Energy services company sold in Brazil

17 April 2003

Brazilian companies Alstom Brasil Ltda (ABL) and Light - Serviços de Eletricidade SA have sold their 100 per cent interest in specialised energy services company ALTM SA - Tecnologia e Serviços de Manutenção to HL Consultoria Gerencial Ltda, another local electricity services provider, for an undisclosed amount. The deal closed on February 28.

Stocking up on socks, Mexico's Demsa buys into sector
Stocking up on socks, Mexico's Demsa buys into sector

Stocking up on socks, Mexico's Demsa buys into sector

17 April 2003

Mexican retail holding company Demsa has acquired 100 per cent of the capital stock of stockings manufacturer Industrias Cannon SA de CV from Synkro SA de CV, a subsidiary of the Mexican Banking Deposit Insurance Institute (IPAB). The deal closed on March 6.

Partner returns to Chadbourne Latin practice after leading private equity
Partner returns to Chadbourne Latin practice after leading private equity

Partner returns to Chadbourne Latin practice after leading private equity

17 April 2003

Coming back to his old home, Talbert I Navia has been re-elected as a partner in the Latin American and corporate finance practices of Chadbourne & Parke LLP. Navia has been working as a senior principal and investment team leader in private equity firm MapleWood Partners. He took up his new position on April 1.

Uruguayan court confirms Sony's IP rights
Uruguayan court confirms Sony's IP rights

Uruguayan court confirms Sony's IP rights

04 April 2003

Sony Corporation has won an intellectual property case before an Uruguayan court after a three-year battle. The case concerned parallel-imported products, which had been modified without Sony’s permission. The court confirmed the company’s rights, and ruled that the modifications were illegal, on February 12. It became binding and final on March 10.

Bradespar agrees to sell Valepar shares to Mitsui, which is buying iron co from CVRD
Bradespar agrees to sell Valepar shares to Mitsui, which is buying iron co from CVRD

Bradespar agrees to sell Valepar shares to Mitsui, which is buying iron co from CVRD

04 April 2003

Following last month’s acquisition of some of Sweet River’s shares in Valepar SA by Brazil’s Bradespar, the equity arm of Brazilian bank Brasdesco, the company has now entered into an agreement to sell some of its stake on to Japanese conglomerate Mitsui & Co for US$830 million. The deal was announced by Mitsui on April 1.

Restructuring plan leads Enersis to sell distribution unit ...
Restructuring plan leads Enersis to sell distribution unit ...

Restructuring plan leads Enersis to sell distribution unit ...

04 April 2003

Chilean utilities holding Enersis SA has signed an agreement to sell its distribution subsidiary Compañía Eléctrica del Río Maipo (CERM) to fellow distributor CGE Distribución SA for US$203 million. The sale was agreed on March 31 and the deal will close on April 30.

... and increase share capital by highest ever in Chile - US$2 billion
... and increase share capital by highest ever in Chile - US$2 billion

... and increase share capital by highest ever in Chile - US$2 billion

04 April 2003

In addition to selling assets in an effort to reduce debt and raise earnings, Enersis SA has also engaged in reportedly the highest ever share capital increase in the Chilean market, for an amount of US$2 billion. The operation was carried out by the capitalisation of financial credits and bonds issued in the Chilean market. The move was approved at a shareholders agreement on March 31.

Electroandes restructures loan and issues corporate bond
Electroandes restructures loan and issues corporate bond

Electroandes restructures loan and issues corporate bond

04 April 2003

Peruvian hydro generator Empresa de Electricidad de los Andes SA (Electroandes) has received syndicated finance for a value of US$100 million from Banco de Crédito del Perú and Banco Continental, restructuring an earlier loan. The deal closed on March 5 and the funds were disbursed on March 26.

IDB gives Bradesco finance to boost Brazilian trade
IDB gives Bradesco finance to boost Brazilian trade

IDB gives Bradesco finance to boost Brazilian trade

04 April 2003

The Inter-American Development Bank (IDB) has approved a US$110 million trade finance facility for Brazil’s Banco Bradesco. The facility consists of two loans, an A-Loan for up to US$50 million, and a B-Loan for up to US$60 million. They will be used to finance pre-shipment and post-shipment export financing for Brazilian companies and their subsidiaries abroad, and were approved by the IDB’s board on March 17.