The Brazilian Diversified Payment Rights Finance Company, a special purpose company (SPC) incorporated by Banco Itaú SA, has issued US$150 million Floating Rates Series 2002-2 Notes, due March 2006.
A major Chilean electricity generating company, Electroandina SA, has contracted a syndicated loan worth US$122.6 million from ABN Amro Bank.
The International Centre for Settlement of Investment Disputes (ICSID) in Washington DC is rule on a suit against the Argentine government brought before it by Siemens AG.
The Inter-American Development Bank (IDB) and other European banks have committed to financing the construction of Puerto Mejillones, a port complex to be built on the northern Pacific coast of Chile.
The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has made a US$67.3-million loan to Expansion Transmissão de Energia Elétrica SA, a company incorporated by Spanish companies Cobra Instalaciones y Servicios SA, Elecnor SA, Instalaciones Inabensa SA and Isolux Wat SA.
Six Continents Hotels Inc (formerly Bass Hotels & Resorts Inc) has had its Holiday Inn brand declared a famous trademark by the Mexican Institute of Industrial Property (MIIP).
The first World Trade Centre to be opened since the attack on New York on September 11 last year is continuing to expand, thanks to Promotora World Trade Center SA de CV, a subsidiary of Grupo Agrisal and licensee of the World Trade Centers Association.
Amateur chemist Mauricio Caicedo Parra has been jailed for three-and-a-half years and ordered to pay a fine of over US$5,000 for counterfeiting Pfizer Inc’s medication Terramicina and selling it under a false label.
AlliedSignal Automoative Ltda has ended its worldwide joint venture with Knorr-Bremse AG for manufacturing brake systems by selling its equity interest in Knorr Bremse Sistemas para Veículos Comerciais Brasil Ltda to Knorr-Bremse AG.
A recently-published Thomson Financial report puts Cleary Gottlieb Steen & Hamilton top of the rankings for Latin American M&A deals for the first half of 2002.