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?
Category: Regions
Posted inMagazine
Front Notes
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 […]
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
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
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
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 […]