Work Area: M&A

Beccar Varela and Vieira de Almeida retained in Mercosur venture

The two firms acted in the forging of a strategic alliance between Portugal Telecom, Unibanco and Banco Galicia announced on August 1, 2000.

01 August 2000

Acquisition of Aguas Cordillera by Emos approved

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.

20 July 2000

Celumovil acquires 100 per cent of issues and outstanding shares of Cocelco

The transaction, completed on July 17, gives Celumovil, recently acquired by US-based BellSouth, the first nationwide cellular footprint in Colombia.

17 July 2000

UK water company expands Latin American base

Law firm Del Rio, Morgan Peralta & Toro advised Anglian Water in its June 30, 2000 acquisition of Aguas Puerto.

30 June 2000

Banco General SA completes merger with Bancomer

On June 30 the integration of Banco Comercial de Panamá (Bancomer) and Banco General was completed, creating Central America's largest bank.

30 June 2000

Crestar acquires CMS Oil & Gas LDC

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.

30 June 2000

AES takes control of CA La Electricidad de Caracas (EDC)

The unsolicited cross-border acquisition by Virginia-based AES Corporation was finally settled in mid-June, after a battle lasting nearly two months.

15 June 2000

BellSouth assumes operations of Celumovil

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.

14 June 2000

Grupo Financiero Bancomer SA chooses BBVA over Banacci

The June 12 approval by Bancomer of the merger and capitalisation proposal from Spain's Banco Bilbao Vizcaya Argentaria SA will create Mexico's largest banking entity.

12 June 2000

Telmex and BCI in new joint venture company

The agreement, signed on June 7, enables the two companies to compete in the South American telecommunications market.

07 June 2000

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