Empresas Polar, Venezuela?s largest private food-processing company broke new ground this February when it acquired a 98.2% stake in its largest competitor, publicly traded Mavesa, for $522 million. Because Mavesa trades on both the US and Venezuelan securities markets, a tender offer complying with both countries? securities and exchange commissions (SECs) had to be carefully crafted.
Category: Corporate & Sovereign Strategy
Posted inWeb Articles
Promulgations
Zero-Deficit tax law draws protest Argentina has decided to go for the jugular to fight its crippling economic crisis. The latest reform introduced in July, the Zero-Deficit Law, caps public […]
Posted inWeb Articles
Towards a Fairer game
Antitrust legislation has evolved rapidly in Latin America in recent years and continues to adapt to the region?s every changing market conditions. There is still work to be done but there is now a sense of inevitability about its application across the region. From Chile to Mexico the process is pushing ahead.
Posted inMagazine
Leading the Emerging Markets Charge
Victor Menezes, CEO and chairman of Citibank, is overseeing the bank’s expansion in fast-growing regions. He began his Latin American career in the ’80s and knows the region’s perils well.
Posted inMagazine
The Struggle for Survival
After launching a spectacular IPO in 1999, StarMedia founder and CEO Fernando Espuelas now has to prove that he can build a business and not just burn cash.
Posted inMagazine
MSDW Leads the Way in M&A
A new phase of private sector restructuring and consolidation is underway in Latin America, and dealing with corporate clients requires a special set of disciplines, skills and contacts. Morgan Stanley […]
Posted inMagazine
Bidding Up Cuban Paper
With a faint whiff of a US-Cuba rapprochement and renewed interest in exotic defaulted debt, investors looking for cheap bets are bidding up prices. However, the rally could be short-lived.
Posted inMagazine
Petrobras’s Makeover Man
Philippe Reichstul has jettisoned old-fashioned management ways and begun building the Brazilian oil company into a modern corporation. His success makes him LatinFinance’s CEO of the year.
Posted inMagazine
Brazilian Tech Bets
Internet deals are dominating merger and acquisition activity in South America’s biggest market. But value remains for investors in slow-growth, capital intensive businesses that need restructuring.
Posted inMagazine
Coverlink Arrives in Latin America
Ana Patricia Botín, president of Coverlink and daughter of BSCH CEO Emilio Botín, is expanding her Internet service company to Latin America, beginning with Mexico where Coverlink has acquired software […]