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Agrigoods Ltd issues floating rate notes
Agrigoods Ltd issues floating rate notes

Agrigoods Ltd issues floating rate notes

09 November 2001

Agrigoods Ltd has issued senior floating rate notes in order to make an advance payment and export supply to Vicentín SA. Banco Europeo para América Latina (BEAL) and Westdeutsche Landesbank Girozentrale acted as arranger, securities intermediary and collateral agent. Liberty Mutual Insurance acted as surety. The transaction, which was closed on October 15, was valued at US$80 million.

Portuguese in joint venture with Uruguayan paper maker
Portuguese in joint venture with Uruguayan paper maker

Portuguese in joint venture with Uruguayan paper maker

09 November 2001

The Portuguese company Companhia Mineira de Talcos Ltd. (COMITAL), has entered into a joint venture agreement with Fábricas Nacionales de Papel (FANAPEL), an Uruguayan company, to set up industrial facilities for the production of chemical products for paper and painting companies. The plant opened for business on October 12.

CAF grants major loan to Colombian brewery
CAF grants major loan to Colombian brewery

CAF grants major loan to Colombian brewery

09 November 2001

Corporación Andina de Fomento (CAF) has granted a US$250-million A/B loan to Bavaria SA, a major Colombian brewery.

IFC and Septetiba Tecon agree port terminal deal
IFC and Septetiba Tecon agree port terminal deal

IFC and Septetiba Tecon agree port terminal deal

09 November 2001

Sepetiba Tecon SA, holder of the public concession to operate the container terminal of the port of Sepetiba in the State of Rio de Janeiro, has concluded a project finance deal with International Finance Corporation (IFC). IFC has agreed to provide loans of up to US$40 million to Sepetiba Tecon.

Glencore International AG to manage major Chilean port
Glencore International AG to manage major Chilean port

Glencore International AG to manage major Chilean port

09 November 2001

Chile´s Puerto Ventanas has negotiated a master agreement with Glencore International AG which will leave Glencore using and managing the port facilities owned by Puerto Ventanas.

Banco Sudameris Argentina issues commercial paper programme
Banco Sudameris Argentina issues commercial paper programme

Banco Sudameris Argentina issues commercial paper programme

09 November 2001

Banco Sudameris Argentina SA has structured the first commercial paper programme (Valores Representativos de Deuda de Corto Plazo) in Argentina under the new fast track rules implemented by the CNV.

Brazil's media groups join forces
Brazil's media groups join forces

Brazil's media groups join forces

09 November 2001

Empresa Folha da Manhã, publisher of the newspaper Folha de São Paulo has formed a new distribution company, São Paulo Distribuição e Logística Ltda., with the newspaper O Estado de São Paulo. The transaction was concluded on September 26.

Second Argentine litigation case for Pan-American Sports Network
Second Argentine litigation case for Pan-American Sports Network

Second Argentine litigation case for Pan-American Sports Network

09 November 2001

Pan-American Sports Network (PSN) has been embroiled in a second litigation case in the Argentine courts following a successful injunction request from DirecTV, who claim PSN attempted to force the media group to pay a different price than that originally agreed for the sports programming. The injunction was issued on October 24. PSN’s other litigation against Multicanal media group was successfully overturned in favour of PSN, as reported in LATINLAWER.com.

New competition commissioner appointed
New competition commissioner appointed

New competition commissioner appointed

09 November 2001

Agustín Navarro has been appointed by President Vincente Fox of Mexico as the newest member of the Federal Competition Commission, the national antitrust authority. He is taking over from Javier Aguilar, whose term had expired.

Brazilian law firms announce strategic association
Brazilian law firms announce strategic association

Brazilian law firms announce strategic association

09 November 2001

The 18 lawyer-strong Brazilian firm Grebler, Pinheiro, Mourão e Raso Advogados, of Belo Horizonte is forming a strategic association with three other Brazilian firms: Albino Advogados Associados, of São Paulo, Bocater Camargo e Costa e Silva Advogados Associados, of Rio de Janeiro, and Marins Bertoldi e Efing Advogados e Consultores Associados, of Curitiba.