Latin American software developer SeguriDATA has secured venture capital financing from Visionaria Venture Capital LLC.
Consorcio Transmantaro SA has participated in a project finance transaction in Peru in which bank creditors and bondholders provide the financing and share the same security
Companhia de Bebidas das Américas (AmBev) - the Brazilian beverage company listed on both the domestic and NY stock exchange - has been restructured. The restructuring included merging Indústria de Bebidas Antarctica do Norte-Nordeste SA, its subsidiary for the North and Northeast regions, into AMBEV. The restructuring was concluded on November 1.
González Calvillo y Forastieri has entered into a strategic alliance with the Mexican Investment Board with a view to assisting Mexican and Chinese investors and traders with projects in both countries.
Two resolutions were published in the Official Gazette, on November 6 and 7, setting out new rules on fiscal domicile and interest rates applicable to tax dues.
Provisions have been made to open, liberalise and strengthen the Chilean capital markets which include the elimination of taxes on capital gains from the sale of shares and the reduction of withholding taxes on interest payments for certain instruments.
The Argentine government is opening up the TV market following enactment of Decree 1473/01. Awards for open TV channel licences are to be thrown open to public bids shortly.
Law No. 10,303, enacted on October 31, introduced changes not only to Brazilian Corporations Law but also to Law No. 6,385 of December 15, 1976, which regulates the Brazilian Stock and Exchange Commission (the CVM) and the Stock Market.
After considerable delay, the Government has finally launched the Financial Information Unit (FIU), which will be responsible for collecting information from financial institutions and on money-laundering operations, which will then be passed on to the judicial authorities for action.
Compañía Anónima Nacional Teléfonos de Venezuela (CANTV) has successfully defeated the US$1.37-billion unsolicited tender offer by the AES Corporation aimed at acquiring a controlling interest in the Venezuelan telephone company.