Embotelladora Andina SA, through its wholly-owned Uruguayan subsidiary Sterling Pacific Corp SA, has tendered an offer to purchase up to US$350 million outstanding notes issued by Andina, which appointed JP Morgan as tender offer dealer manager.
Bruchou, Fernández Madero, Lombardi & Mitrani has acted as legal counsel to Southern Cross Group and Merrill Lynch Global Emerging Markets Partners LP in the sale of 100 per cent of the capital stock of Armor Acquisition SA.
In a deal worth approximately US$320 million, Nova Camaçari Participações SA, a special purpose company owned by Odebrecht Quimica SA, acquired control of Econômico SA Empreendimentos (‘ESAE’). The company was bought on July 25, 2001, at the open auction organised by the Central Bank of Brazil, in its capacity as trustee and receiver of the estate of Banco Econômico SA - em Liquidação Extrajudicial.
First Trust of New York, through its permanent representative office in Argentina, has retained Cárdenas, Cassagne & Asociados for the creation of two financial trusts, Hexagon II and Hexagon III, and the issuance of floating rate certificates of participation at US$300 million and US$325 million respectively, with First Trust acting as trustee.
On May 14 the Colombian Superintendency of Corporations revoked its approval of the Carboandes SA creditors’ arrangement ('Concordato') formula, given on February 27, 2001.
Suzano, a pulp, paper and petrochemicals company, has secured an export loan under which it can purchase export goods from Bahia Sul, a major pulp producer in Brazil. Under the financing arrangement, the receivables of the exports will be used as collateral in the financing arrangement.
Peruvian firm Barrios, Fuentes, Urquiaga Abogados has been appointed local counsel for OPIC in a US$106-million loan to Lima Airport Partners for the expansion and modernisation of Jorge Chavez International Airport in Lima.
Tozzini, Freire, Teixeira e Silva Advogados has advised Celestica do Brasil Ltd, as issuer, in the private placement of US$15 million of fixed rate notes.
Microsoft Corporation has appointed Buenos Aires firm Allende & Brea as regional legal manager of its ‘bCentral’ project in Latin America and the Caribbean. Allende & Brea will be responsible for the project’s tax and corporate structures, preparation of licence, distribution and other operating agreements; protection and management of certain trademarks, domain names and intellectual property; and the legal review of strategic alliances.
Vieira Rezende Barbosa e Guerreiro Advogados has appointed Lucía Helena Salgado e Silva as economic consultant on antitrust and regulatory matters.