Spain’s Aceralia Siderúrgica has withdrawn its offer to purchase Altos Hornos de México (Ahmsa), the country’s largest steel maker. Aceralia had planned to buy Ahmsa but delayed its formal proposition […]
Category: 2000
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Holding on at the Top
Panama’s Banco del Istmo has swallowed Pribanco to create Central America’s largest bank. But can the new bank successfully expand in a region peppered with tough competitors?
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Televisa Spreads the Wealth
Mexican businessman Alejandro Burillo plans to sell his 25% stake in Grupo Televisa, Mexico’s largest media company, to a group of large shareholders led by María Asunción Aramburuzabala, one of […]
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AntarChile Refinances COPEC Purchase
AntarChile, Chile’s Grupo Angelini’s holding family, announced that it plans to issue $200 million in bonds to refinance loans it took out to purchase a 30% stake in COPEC, a […]
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IdeiasNet Lists Locally
Turbulence on Nasdaq has prevented many capital-hungry Latin American Internet companies from raising capital on the equity markets. However Brazil’s IdeiasNet, an incubator with 17 companies in its portfolio, has […]
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Telmex and Bell Canada To Build Brazilian Network
Teléfonos de México (Telmex), Latin America’s largest telephone company, is venturing into the Brazilian telecommunications market through a $3.5 billion alliance with Bell Canada. Telmex plans to build a high-speed […]
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Appetite for Argentine Telecom Sector
International telecommunications companies have told Henoch Aguilar, Argentina’s communications secretary, that they are prepared to invest over $5 billion in the country once the government deregulates the tightly controlled industry […]
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Itaú To Take Stake In AOL
Brazil’s second-largest private bank, Banco Itaú, plans to purchase a 12% stake in AOL Latin America. Itaú will buy shares when AOL Latin America goes public on Nasdaq, acquiring 6% […]
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The Cities Rule
Latin America’s population has grown by 40% over the last 20 years, rising to 430 million in 1998. Although growth in per capita income has slowed […]