Cariola, Díez, Pérez-Cotapos - News

Holding company acquires Télex-Chile

14 June 2002

Redes Opticas SA, a joint Chilean venture between Southern Cross Latin America Private Equity Fund LP (Southern Cross) and GE Capital Equity Investments Ltd (GE), has acquired the Chilean telecoms company Télex-Chile SA (Télex).

Masisa buys board-making plant in Durango, Mexico

21 December 2001

The Chilean law firm Cariola, Diez, Pérez-Cotapos & Cía Ltda and Basham, Ringe y Correa SC of Mexico have advised Masisa, a Chilean wood board producer with plants in Chile, Argentina and Brazil, in connection with the purchase of a particleboard plant located in Durango, Mexico. The US$15-million purchase was closed on December 11.

IBM to service Telefónica

21 December 2001

Telefónica Chile has signed a US$87.3-million outsourcing agreement with IBM Chile. IBM will provide Telefónica with operational assistance and undertake maintenance of its equipment for the next five years. A similar agreement was signed between Telefónica Argentina and IBM earlier in the year.

Noranda buys El Pachón copper deposit

26 October 2001

Mining and metals multinational Noranda has acquired the El Pachón copper deposit from Cambior Inc and Minera SA. Noranda acquired 100 per cent of the El Pachón copper deposit by purchasing Cambior’s interests in Pachón SA Minera, an Argentine company, and Pachón Transportes y Servicios Limitada, a Chilean company. In addition Noranda acquired Minera SA’s Panamanian Compañía Minera San José SA, which owned the remaining interests in Pachón and Transportes. The deal was closed on September 28.

IDB retains Cariola, Diez in project finance deal

28 August 2001

Chilean firm Cariola, Diez, Pérez-Cotapos & Cía Ltda is advising the Inter-American Development Bank and European banks in the structuring of a project financing deal for the construction of a port complex in the bay of Mejillones in northern Chile .

Cariola and Davis Polk in tender offer launched by Chile's Enersis

21 November 2000

The offer, launched on November 21 2000, is for the outstanding shares of two of its distribution subsidiaries, Chilectra and Rio Maipo.

Guerrero Olivos and Cariola close Chile's biggest transaction of the year

23 October 2000

The transaction, which closed on October 23, involved the acquisition of Transelec, a Chilean electricity transmission company, by Canada's Hydro-Québec for US$1.076 billion.

Acquisition of Aguas Cordillera by Emos approved

20 July 2000

On July 20 the Antitrust Commission approved the sale of Aguas Cordillera, the waterworks subsidiary of Enersis, itself a subsidiary of Spain's Endesa, to Emos for US$185 million.