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Hogan Lovells LLP - News

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Divestment earns antitrust clearance
Divestment earns antitrust clearance

Divestment earns antitrust clearance

20 April 2006

Liberty Media Corp and Hicks, Muse, Tate & Furst have re-organised their ownership interests in Argentina's two largest sports programmers, at the request of the national antitrust authority. The share swap means that Fox/Pan-American Sports, their long awaited broadcasting joint venture, can begin.

AES makes landmark issue in El Salvador
AES makes landmark issue in El Salvador

AES makes landmark issue in El Salvador

02 March 2006

Global power company AES has issued US$300 million worth of bonds in the international market, guaranteed by four electricity distribution companies it controls in El Salvador.

Venezuelan travel company fined
Venezuelan travel company fined

Venezuelan travel company fined

05 January 2006

The Venezuelan antitrust agency Procompetencia has imposed a fine and a cease and desist order against Sabre for exclusionary practices.

Wal-mart steps into Central America
Wal-mart steps into Central America

Wal-mart steps into Central America

01 December 2005

The largest retailer in the world has moved into Central America. Wal-mart has bought a third of CARHCO, which owns 363 supermarkets in the region, and at a stroke increased its international presence from ten to fifteen countries.

Ciuffetelli launches Hogan & Hartson in Caracas
Ciuffetelli launches Hogan & Hartson in Caracas

Ciuffetelli launches Hogan & Hartson in Caracas

29 September 2005

US firm Hogan & Hartson L.L.P. has lured partner Bruno Ciuffetelli from Hoet Peláez Castillo & Duque to launch an office in Caracas. The new office, which opened on 26 September, is Hogan & Hartson's first in Latin America.

Fox Pan American given go-ahead in Argentina after share swap
Fox Pan American given go-ahead in Argentina after share swap

Fox Pan American given go-ahead in Argentina after share swap

22 October 2004

The Argentine Ministry of Finance has ordered Liberty Media Corp and Texan-based fund Hicks, Muse, Tate & Furst, Inc to separate their ownership interests in the country’s two largest sports programmers. The decision was given on September 29, and allows the creation of a joint venture in the country’s sports television market to go ahead, subject to a pair of share swap transactions.

AES Gener restructures debt for Argentine subsidiaries
AES Gener restructures debt for Argentine subsidiaries

AES Gener restructures debt for Argentine subsidiaries

07 May 2004

Argentine energy companies TermoAndes and InterAndes have successfully completed the restructuring of their more than US$188 million of financial debt through funds provided to their Chilean holding company AES Gener by a syndicate of international banks. The transaction closed on April 16.

AES and PSEG close Parana sale
AES and PSEG close Parana sale

AES and PSEG close Parana sale

23 January 2004

The AES Corporation, through its subsidiary AES Parana Generation Holdings Ltd, has acquired the remaining interest in the AES Paraná project from PSEG Cayman Americas V Company. The deal closed on November 28.

Financing for Costa Rican hotel resort completed
Financing for Costa Rican hotel resort completed

Financing for Costa Rican hotel resort completed

16 May 2003

Costa Rican hotel concessionaire Grupo Istmo de Papagayo SA (GIP) has received a senior financing facility from Scotiabank (Cayman Islands) Ltd for US$53 million and a subordinated financing facility from Four Seasons Hotels Limited for US$5 million. The first disbursement from the facilities was made on April 15.

Bidding process for Mexican petrochemical complex underway
Bidding process for Mexican petrochemical complex underway

Bidding process for Mexican petrochemical complex underway

21 February 2003

Pemex Petroquímica (PPQ), the petrochemicals subsidiary of Mexican state-owned oil giant Pemex, will open bidding in March 2003 for the construction and operation of a petrochemical complex in either Coatzacoalcos (Veracruz) or Altamira (Tamaulipas), Mexico. The project will require investments of US$1 to 2 billion.