Elegia and its subsidiary Electroandes have taken out a US$100-million loan from a syndicate of banks comprising Banco de Crédito del Perú (BCP), who acted as the agent, Banco Continental, BankBoston, NA and Banco Wiese Sudameris. Elegia is a 100 per cent Peruvian subsidiary of PSEG, which recently acquired 99.67444 per cent of Electroandes. The transaction was concluded on December 12.
Peruvian firm Estudio Rubio, Leguía, Normand & Asociados has represented the Export-Import Bank of Korea in the renegotiation of a US$5 million loan granted to Financiera Daewoo SA, which closed on July 10.
A wholly-owned subsidiary of UK's Billiton Plc, one of the world's major resource groups, signed an agreement on December 1, 2000 to purchase La Granja copper property from Cambior Inc of Canada.
The public offering by Unión de Cervecerías Peruanas Backus & Johnston SAA (Backus) of Cervecería del Sur del Perú SAA (Cervesur) closed on May 26, 2000.