On October 31, 2000, BBVA Banco Francés SA completed the offering of floating rate notes in the principal amount of US$150 million, due 2002.
The transaction closed on October 31, 2000 with the Holbah Merchant Company Ltd and Grupo Bapro SA acquiring 55 per cent of the Previnter companies from AIG and Banco Bansud.
M & M Bomchil and Bado Kuster advised paper producer Fanapel in a stock purchase agreement which was signed in New York on October 20, 2000.
With the approval of the House of Representatives on October 19, 2000, the Avoidance of Tax Evasion Bill and the Economic Emergency Bill have both become laws.
On October 13 2000, France's Groupe Danone and the world's number three brewer, Brazilian Ambev (Brahma and Antartica), took control of Uruguay's Compañía Salus.
On October 12, 2000 during the association's recent annual conference in Noordwijk, the Netherlands, Alfredo M O'Farrell, partner of Argentine law firm Marval O'Farrell & Mairal, was elected chair of Lex Mundi.
On October 10, 2000 the the launch of Demarcas.com, a website specialising in trademarks and patents, was announced.
The final US$25 million was lent to Central Termoeléctrica on September 21, with the yen equivalent of US$70 million having been lent to Central Costanera two months earlier.
In the last three months the National Securities Commission (Comisión Nacional de Valores - CNV), the body in charge of the supervision of the capital market in Argentina, issued two resolutions by means of which the regulatory regime for tender offers was modified.
On September 3 a decree was passed that will open up land line telephony services in Argentina to competition on November 9, 2000.