On June 30, 2000 the fourth resolution of changes to the Miscellaneous Tax Resolution for 2000 was published.
The US$95.8 million deal closed on June 30 with the purchase of CMS Oil and Gas Company's Ecuadorian subsidiary by the Canadian oil and gas producer.
On June 28, Provisory Measure 1.991 regarding tax on industrialised products (Imposto sobre Produtos Industrializados - IPI) was republished as MP 2.037-19.
The global public offering closed on June 23 with the sale of approximately 160 million Telmex shares equivalent of 53 American Depositary Shares (ADSs).
On June 20 the signing of the US$3.2 billion limited recourse project financing of the Barracuda and Caratinga Project by Petróleo Brasileiro SA was announced.
The unsolicited cross-border acquisition by Virginia-based AES Corporation was finally settled in mid-June, after a battle lasting nearly two months.
This law, which replaces the obsolete 1940 Law has been widely received as an open, modern legal instrument.
US-based BellSouth has acquired a 50.35 per cent of mobile operator Celumovil from Grupo Empresarial Valores Bavaria, which currently has a 74 per cent stake in Celumovil.
On June 13 the Parliament approved an Act intended to implement the understandings between the Colorado Party and the Blanco Party.
The aim of the law, approved on May 31 by the National Legislative Commission, is to make up for the lack of legislation since the last telecoms law, passed in 1940.