The Municipality of Quito and Ecuador’s airport development corporation (Corporación Aeropuerto y Zona Franca del Distrito Metropolitano de Quito - CORPAQ) have entered into a concession contract with Quiport SA (whose shareholders include ABB Development Corp, Aecon Holdings Inc, and the Airport Development Corporation).
Ourinvest, a Brazilian group operating in the financial, mortgage and securitisation markets, and Cadim, a Canadian group that operates similarly to a pension fund, have recently joined to form two new companies, Brazilian Capital Companhia de Gestão de Empreendimentos Imobiliários (BC) and BMSR Participações SA.
A public bid process organised by Ecuador’s Consejo Nacional de Telecomunicaciones (CONATEL) has been won by Ecuador Telecom. The company has been granted a wireless local loop concession in Ecuador.
Noel SA, a food company that has been in business since 1916, has together with its affiliates completed a 100 per cent takeover of Rica Rondo Industria Nacional de Alimentos SA. The deal closed on July 10.
Corporación Interamericana de Inversiones, an international company that is part of the Interamerican Development Bank (IDB), has granted a loan to Carmitel SA, a Uruguayan corporation previously granted a 20-year concession to operate the Hotel Carrasco in Montevideo.
Apoyo Consultoría has become the new fund manager of the Multirenta Inmobiliaria Investment Fund, a public fund worth US$30 million.
King & Spalding’s growing Latin American practice has expanded following the arrival of Peruvian lawyer José L Valera. Valera has moved from Akin Gump Strauss Hauer & Feld LLP, where he was a partner in the project finance and infrastructure development practice group in Houston.
Ramiro Rodolfo Rangel Sánchez has joined the Mexico City office of Strasburger & Price SC, a subsidiary of Strasburger & Price LLP. Rangel, who joined on June 31, will work as a partner in the office’s international industry team.
Phoenix-based Edward M Ranger has joined Baker & McKenzie (Mexico)’s northern Mexico offices as of counsel. Ranger, whose arrival at the Tijuana office was announced on August 5, has joined the environmental and natural resources practice group.
Oscar R Díaz Flores has joined Wöss & Partners SC in order to lead its finance and project finance practice.