Citibank Sells Celulosa in Argentina Citibank is selling control of Argentina’s troubled pulp and paper producer, Grupo Celulosa Moldeada, to Uruguayan Fábrica Nacional de Papel, known as Fanapel. It is […]
Category: 2000
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Cemex Strengthens the Mix
Mexico’s cement giant crosses the border to grab a prize US acquisition, boosting its cash flow and diversifying into a developed market. But the debt-financed purchase prompted S&P to put Cemex on credit watch.
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Populist President Causes Concern
Hipólito Mejía brings an abrasive, autocratic style back to the Dominican Republic’s presidency, reminiscent of patriarchal ruler Joaquín Balaguer, the seven-term former president. Like Balaguer, Mejía sees a more active role for the state in economic affairs, and business leaders are concerned.
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Colombia Opens the Way
The government hopes that its long-delayed sale of state coal company Carbocol will renew international investor confidence, but other projects are still hampered by violent protests and legal wrangling.
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Project Finance Proceeds With Caution
Credibility and cash flows are beating out price as the keys to successful deals for Latin American infrastructure projects as investors cautiously weigh the risks.
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Consolidating Continental Investors
Argentina draws on its traditional European investor base to lead Latin bond issuers in euros this year. Eurobonds have provided cheaper funding, but currency risk exposure looms large.
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Pulling the Plug on Latin Dot Coms
Latin American Internet companies have suffered a complete reversal of fortunes after last year’s brief reign as the darlings of venture capitalists.
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Convening on Latin Debt
For two days in late October, LatinFinance assembled an impressive group of players in Latin America’s financial scene, who discussed everything from Argentina’s woes to mexico and Brazil’s resurgence.
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Retooling for A Less Frenetic Future
An estimated 16 million Latin Americans use the Internet. By 2005 the number is expected to jump to 66.6 million. But investors are no longer interested in projections like these. […]