Market: Nicaragua

CAF launches third notes programme in Spanish market

International development organisation Corporación Andina De Fomento (CAF) has issued short-term notes to the value of €500 million (US$504 million) in the Spanish Fixed Income Market (Mercado AIAF de Renta Fija). The programme was cleared on November 15, and its term will expire a year from that date.

13 December 2002

IBM buys PricewaterhouseCoopers' consulting assets

International accountancy and consulting company PricewaterhouseCoopers International (PW) has sold its management consulting business to International Business Machines (IBM), including all related assets in Latin America. The deal closed on October 1, and the purchase price was US$3.5 billion.

08 November 2002

Burns Philp buys Kraft bakery subsidiary

Australian food company Burns Philp and Co has bought the Latin American yeast and industrial bakery subsidiary of Kraft Foods International for US$110 million. The deal closed on October 31.

08 November 2002

Heineken and Panamco get together over drinks in Panama

CA Beverages Inc, a joint venture of Heineken NV, Panamerican Beverages Inc (Panamco) and Florida Ice and Farm Co (FIFCO), has acquired direct control of Coca-Cola de Panamá Cía Embotelladora SA (CCP) and subsidiaries, including Cervecerías Barú-Panamá SA (CBP), a local brewery.

18 October 2002

IADB and OECD competition initiative

The IADB and the OECD have just established a new partnership to help

04 October 2002

Enron/Anderson and cultural change

The recent accounting scandals have thrown the spotlight on practices within the legal profession and in particular on how conflicts of interest are resolved. Professional liability insurance is virtually unknown in Latin America, and clear standard corporate governance rules are hard to come by. But, as Rachel Youngman discovers, change is underway.

02 October 2002

Banco Alemán taken over

Banco Continental de Panamá, SA, Panama’s third-largest private bank, has acquired 100 per cent of the shares of Banco Alemán Platina, SA, a Swiss-German International Banking Licence Bank with offices and operations in Peru, Colombia, Ecuador, Panama, Costa Rica, Nicaragua, Guatemala, El Salvador, Honduras and Mexico.

02 August 2002

Regional development plan will boost links between Mexico and Central America

On June 27 and 28 leaders from Mexico and six Central American countries, together with 1,350 representatives of the business and financial community, gathered in the Mexican resort of Mérida to discuss plans to give the region a more prominent role in the global economy by improving local infrastructure.

24 July 2002

US firm's new practice already busy in Latin America

Chadbourne & Parke LLP has launched a new project finance workout and restructuring practice. The practice, which was announced on July 15, has already taken on several clients in Latin America

24 July 2002

London and Madrid events show concern for future of Argentina and other Latin American countries

At two recent events in Madrid and London, the enormous difficulties involved in tackling the economic problems of Argentina and other Latin American countries were discussed.

28 June 2002

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