Latin American countries are continuing to approach turning European markets due to lower euro interest rates and an investor base still ready and willing to take more Latin issues. Argentina […]
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
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
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
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
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 […]
Posted inMagazine
Going Local for Longer-Term Loans
With inflation in check and a modest debt repayment schedule, Mexico wants to develop its internal debt market with fixed-rate bonds. Is the market ready to assume the risk?
Posted inMagazine
Imsa Buys Steel Venture
Mexico’s steelmaker Imsa is buying the steel division of Australia’s Broken Hill Propietary for about $230 million. Imsa already makes auto batteries and construction equipment in the US. Imsa recently […]