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Portugal Telecom takes lion's share of Telesp Celular share offering
Portugal Telecom takes lion's share of Telesp Celular share offering

Portugal Telecom takes lion's share of Telesp Celular share offering

20 September 2002

Brazilian holding company Telesp Celular Participações SA (TCP) has completed a rights offering worth R$2.5 billion (US$796 million) for 713 billion shares. Portugal Telecom bought 80.47 per cent of the total shares issued, increasing its total ownership interest in TCP from 41.2 per cent to 65.1 per cent.

Natural gas project gets US$197 million financing
Natural gas project gets US$197 million financing

Natural gas project gets US$197 million financing

20 September 2002

Compañía de Servicios de Compresión de Campeche SA de CV (CSCC) has completed a US$197 million finance deal for the Campeche Natural Gas Compression Project. The deal closed on August 13 and involved a syndicate of banks led by Bank of Tokyo-Mitsubishi and Mizuho Corporate Bank.

Banco do Brasil prices US$40 million bond undaunted by hard times
Banco do Brasil prices US$40 million bond undaunted by hard times

Banco do Brasil prices US$40 million bond undaunted by hard times

20 September 2002

Banco do Brasil (BDB) has successfully priced a US$40 million structured bond without a triple-A wrap. Work on the transaction began in mid-August and was closed on September 11. It is the first such deal this year.

Gas TransBoliviano gets US$90 million to expand pipeline
Gas TransBoliviano gets US$90 million to expand pipeline

Gas TransBoliviano gets US$90 million to expand pipeline

20 September 2002

Gas TransBoliviano SA (GTB), the operator of the Bolivian section of the Bolivia-Brazil gas pipeline, has received US$90 million of financing from a consortium of lenders. Part of the money will be used to expand the present pipeline’s capacity and refinance existing debt. The deal was signed on July 26 and funded in two tranches, with the second being on August 16.

CVRD expands mining and energy operations
CVRD expands mining and energy operations

CVRD expands mining and energy operations

20 September 2002

Brazilian mining company Companhia Vale do Rio Doce (CVRD) has made two antitrust filings in recent months as it expands internationally as well as domestically.

Argentine lawyer joins IMF legal team
Argentine lawyer joins IMF legal team

Argentine lawyer joins IMF legal team

20 September 2002

Former Allende & Brea senior associate Mariano Federici has joined the legal department of the International Monetary Fund (IMF) in Washington DC as a ‘country lawyer’. He began in his new post on July 1.

Facio & Canas partner is Costa Rica's new man at UN
Facio & Canas partner is Costa Rica's new man at UN

Facio & Canas partner is Costa Rica's new man at UN

20 September 2002

Partner Manuel A González Sanz of San José firm Facio & Cañas has been appointed as Costa Rica’s ambassador to the United Nations.

Isenbeck holds up AmBev-Quilmes merger
Isenbeck holds up AmBev-Quilmes merger

Isenbeck holds up AmBev-Quilmes merger

13 September 2002

Approval for Brazilian brewing company AmBev’s US$600 million bid for a controlling stake in the Argentine beer maker Cervecería y Maltería Quilmes SA (CMQ) has been frozen. An Argentine court ruled on September 4 that the local antitrust authority could not rule on the matter until the request of local company Isenbeck to play a more active role in the process had been examined.

Peruvian privatisation runs protest gauntlet
Peruvian privatisation runs protest gauntlet

Peruvian privatisation runs protest gauntlet

13 September 2002

Interconexión Eléctrica SA (ISA), Colombia’s state-run transmission company, has closed a US$261 million deal clinching a concession to run Peruvian electricity transmission systems Etecen and Etesur through its local subsidiary Red de Energía del Perú SA (REP). Despite worries that it might run into the problems that have dogged other privatisations in Peru lately, the deal was closed on September 5.

Petrobras returns to Brazilian market for latest offering
Petrobras returns to Brazilian market for latest offering

Petrobras returns to Brazilian market for latest offering

13 September 2002

Brazilian oil and gas company Petrobras has continued its financing programme with an issuance of R$750 million (US$250 million) of non-convertible debentures. This follows Petrobras’s successful application for a shelf registration for US$8 billion-worth of equity and debt in the US market in July (as reported in LATIN LAWYER)