The Andean Development Corporation takes its roadshow to Europe, not just to raise money, but to promote its respected name and solid financials to discriminating investors there.
Category: 2000
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Santander Takes The Prize
Banco Santander Central Hispano’s huge bid snares Brazil’s Banespa in a long-anticipated, hotly contested privatization auction, adding an expensive asset to the Spanish bank’s Latin American portfolio.
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Big Growth, Vicious Competition
Brazil’s overcrowded investment fund industry is growing fast. but fixed income funds still dominate and investors need to overcome their fears and take the plunge into equities.
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Technology
Telefónica Buys Assets From MotorolaTelefónica Móviles, the cellular phone unit of the Spain’s largest telecommunications company, Telefónica, agreed to buy stakes in several Mexican mobile phone companies owned by Motorola. […]
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Business & Banking
Cemex Scoops Up US Cement Maker Mexico’s Cemex, the world’s third-largest cement producer, has acquired the second-largest cement company in the US, Houston-based Southdown, for $2.8 billion. The sale price […]
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The Chameleon Quality of Latin Bonds
Since 1990, Latin bonds have reacted to volatile global events, exhibiting the characteristics of either fixed income or equity instruments. This analysis by George N. Buxton, managing director at Bear Stearns & Co., reveals how these correlations coincide with investors? different and evolving perceptions of risk.
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Energy’s New Generation
Independent power projects represent the electric industry’s future in Mexico and Brazil’s deregulated markets. But will the necessary project financing come through?
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The High Cost of Turbulence
Venezuelans and Colombians are tucking their money away in Miami at a rate of over $500 million a month as the outlook at home goes from bad to worse.
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Front Notes
How likely is it that the next shock to the world’s financial system will come from Argentina? The markets seem to be discounting trouble as the government struggles to borrow […]
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The Price of Latin Trades
Buying stocks in smaller Latin markets is getting expensive. Low liquidity and market volatility make transaction costs in the Andean countries among the highest in the world.