The election of Vicente Fox as Mexico’s next president was a triumph both for the cowboy-booted former Coke executive and for the country’s effort to distance itself from the rest […]
Category: Regions
Posted inMagazine
Spanish Spending Spree
Spain’s Banco Bilbao Vizcaya Argentaria spent more than it planned to buy Mexico’s second-biggest bank. With BBVA’s substantial assets and promise of profits, colonial domination isn’t looking so bad.
Posted inMagazine
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?
Posted inMagazine
Peruvian Telecom Auctions Wireless Licences
Cepri Telecom, Peru’s telecommunications privatization committee, auctioned two fixed wireless access licenses to Telefónica del Perú and Millicom Perú. Telefónica paid $9.7 million and MIC Peru paid $9.85 million at […]
Posted inMagazine
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 […]
Posted inMagazine
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. […]
Posted inMagazine
Softbank Makes its Move
Softbank Latin America Ventures, the Latin American investment arm of Softbank, the Japanese Internet company and STI Ventures, a venture capital company, have invested $15.6 million in From2.com, a logistics […]
Posted inMagazine
Consortium To Power Metals Producer
Alstom, the French-British power contractor, and Sithe Energies won a $300 million contract to build a power plant in Mexico for Industrias Peñoles, the world’s biggest silver producer. Alstom and […]