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SeguriDATA gets venture capital financing
SeguriDATA gets venture capital financing

SeguriDATA gets venture capital financing

30 November 2001

Latin American software developer SeguriDATA has secured venture capital financing from Visionaria Venture Capital LLC.

Consorcio Transmantaro in Peruvian project finance
Consorcio Transmantaro in Peruvian project finance

Consorcio Transmantaro in Peruvian project finance

30 November 2001

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

Brazilian beverage company AmBev restructures
Brazilian beverage company AmBev restructures

Brazilian beverage company AmBev restructures

30 November 2001

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.

Mexican strategic alliance looks to China
Mexican strategic alliance looks to China

Mexican strategic alliance looks to China

30 November 2001

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.

New resolutions on fiscal domicile and tax dues
New resolutions on fiscal domicile and tax dues

New resolutions on fiscal domicile and tax dues

30 November 2001

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.

New tax provisions affecting Chilean capital markets
New tax provisions affecting Chilean capital markets

New tax provisions affecting Chilean capital markets

30 November 2001

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.

New public bids for open TV channel licences
New public bids for open TV channel licences

New public bids for open TV channel licences

30 November 2001

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.

Changes to securities regulations under new corporations law
Changes to securities regulations under new corporations law

Changes to securities regulations under new corporations law

30 November 2001

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.

Financial Information Unit up and running
Financial Information Unit up and running

Financial Information Unit up and running

30 November 2001

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.

CANTV counters US$1.37-bilion takeover bid with share buyback programme
CANTV counters US$1.37-bilion takeover bid with share buyback programme

CANTV counters US$1.37-bilion takeover bid with share buyback programme

23 November 2001

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.