Three foreign banks have registered to bid for Mexico’s third biggest bank, Grupo Financiero Serfin, at an auction scheduled for May. Spain’s Banco Santander Central Hispano, London-based HSBC, and Citigroup […]
Category: Regions
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Camisea Gets Halfway There
Peru has sold the exploration rights to its gargantuan natural gas deposit but must still find an operator willing to move the fuel.
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Excuses and Broken Promises
Latin America has received substantial capital inflows over the last 20 years, but has failed to achieve sustained growth and development. Pedro-Pablo Kuczynski, the former Peruvian minister for energy and mines, now managing partner at Latin American Enterprise Fund Managers, a private equity firm based in Miami, argues that more investment, plus a deeper commitment on the part of governments are needed to make the region prosper.
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Mexico’s Moment
With a buccaneering entrepreneurial spirit, Mexican companies are dominating the Latin American business scene but they could be hit big by higher US interest rates.
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Post Script
BBVA Courts Bancomer Spain’s Banco Bilbao Vizcaya Argentaria SA and Mexico’s Grupo Financiero Bancomer SA, have said they are in preliminary talks to form an alliance, which if successful, is […]
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On a Capital Quest
The Mexican government and its banks want to build a stronger financial system. But signs are they better act quickly.
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The Winner is…Mexico
Mexican corporations take five of the 11 top honors for LatinFinance’s Deal of the Year awards, distinguishing the country from the rest of Latin America.
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Weak Cash Flow Calculations
Accounting practices help explain the undercapitalization of Mexican banks.
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Blazing the Trail
Two US power companies find that gaining a controlling interest in Peruvian utility means setting a precedent and contending with local investors.
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Retail group courts small borrowers
Targeting the micromarket is a strategy that businesses other than banks are pursuing. Mexico’s Grupo Elektra, a home furnishing and appliance conglomerate, is extending credit to the poorer end of […]