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 […]
Category: Regions
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
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 […]
Posted inMagazine
Laws to Enforce a Payment Culture
Mexico has Latin America’s strongest economy but one of the region’s weakest banking systems. New legislation is meant to encourage lending, but politics and capricious courts remain an obstacle.
Posted inMagazine
New Leadership at Grupo Tribasa
Grupo Tribasa, the financially troubled Mexican construction company, has made Salvador Linares, a board member, its new chief executive. He replaces David Peñaloza, the company’s chairman. Tribasa also named José […]
Posted inMagazine
FDI Bolsters Bolivian Economy
Foreign direct investment has flowed into Bolivia at a faster rate than in any other Latin American country since the mid-1990s. In 1998, almost $900 million entered the country, equivalent […]
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
Colombia Fights to get its Message Across
Colombia has not looked this bad for many years. Civil conflict, a deteriorating economy and political disarray are keeping investors away. Bogotá has a tough sales job.
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. […]