Banco Santander Central Hispano (BSCH) of Spain is transferring its online banking service from Open Bank to Patagon.com, the unlisted financial website it acquired in March for $529 million, days […]
Category: 2000
Posted inMagazine
More US Power in Brazil
Pennsylvania’s PPL Utilities has bought 85% of Cemar, the Maranhão state power company, for $289.2 million. Cemar has almost one million clients and distributes 2,293 gigawatt-hours of electricity per year. […]
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BellSouth Buys Brasilia Cellular Network
BellSouth paid $229 million for 16.5% of TeleCentroOeste Celular Participacoes, a Brazilian regional cell phone network that covers the capital Brasilia. BellSouth, which already operates BCP, one of two cell […]
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Home Court Advantage
Led by Central Bank President Armínio Fraga, Brazil has laid the foundation for a broader, more liquid domestic capital market, just as access to world debt markets has become uncertain.
Posted inMagazine
Spanish Money Keeps Funding Latin America
Spanish foreign investments have increased remarkably since the mid-1990s, with nearly all capital flow increases targeted at Latin America. In 1998 – the latest year full data are available – […]
Posted inMagazine
Car Makers Expand in Latin America
Nissan, the French-Japanese car company, will build its first Brazilian assembly plant in the southern city of Curitiba where Renault, its partner, already builds cars. Most of the world’s largest […]
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Imsa Buys Steel Venture
Mexico’s steelmaker Imsa is buying the steel division of Australia’s Broken Hill Propietary for about $230 million. Imsa already makes auto batteries and construction equipment in the US. Imsa recently […]
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Steel Hector & Davis Adds Partners
Attorneys Raúl J. Valdés-Fauli and Juan E. Serralles, both formerly with Gunster, Yoakley, Valdes-Fauli & Stewart, have become partners at Steel Hector&Davis, the Florida-based law firm with offices throughout Latin […]
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Carlos Slim Slams Banacci
Spain’s Banco Bilbao Vizcaya Argentaria received some useful moral support from Carlos Slim, Mexico’s richest and most successful businessman, in its bid to take over the country’s second-largest bank, Bancomer. […]
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In Steep Decline
The Buenos Aires Stock Exchange is slipping into obscurity as it becomes increasingly irrelevant. Authorities are tweaking the system but it cannot withstand the forces shifting power to larger markets.