BlackRock has hired Manuel Sanchez Ortega for infrastructure role as it pushes further into LatAm markets
Category: United States
Posted inDaily Brief
SunEdison buys Renova stake
SunEdison has agreed to buy a 15.87% stake in Renova Energia
Posted inWeb Articles
Fed leaves rate untouched and paves road for LatAm issuers
A boon of bond sales could hit market in September if interest rates remain on hold
Posted inWeb Articles
IDB lands private-sector deal after tough negotiations
The Inter-American Development Bank agrees on capitalizing its new private sector arm early on Monday morning, following tense talks at its annual meeting in Busan, South Korea
Posted inMagazine
Cuba: Long road
The thaw between the US and Cuba has started. But much remains to be decided before corporate and institutional investors can dabble freely in the market. By Jennifer P. Roig
Posted inWeb Articles
Medina-Mora to retire from Citi, Banamex
Banamex chairman Manuel Medina-Mora is to retire in June
Posted inWeb Articles
Buyer be prepared
OPINION: US courts can rarely help LatAm investors unhappy with bankruptcy decisions overseas, argue Richard Epling and Dina Yavich of Pillsbury
Posted inDaily Brief
Canadian Sells Colombian Pipeline Position
Canada’s Talisman Energy has sold its 12% position in Colombian pipeline operator Ocensa to US private equity firm Advent International for $595m, it says, a key part of Advent’s purchase of a 22% stake. Talisman retains transportation rights for the 830km pipeline, which links the Llanos Basin to the Covenas port in Colombia. Advent is working on a $600m loan to help fund the purchase of 22%, which includes portions owned by France’s Total and Spain’s Cepsa in addition to Talisman’s piece, according to people following the process. The 7-year amortizing loan pays Libor+450bp. Citi, Itau and Natixis are leading the transaction, expected to close before the end of the year. The total purchase price of the 22% stake is expected to be more than $1bn.
Posted inWeb Articles
Businesses on Mexican border prep suit against tax hike
VAT rise as part of Mexico’s fiscal reform provokes ire in region that contributes 25% of GDP
Posted inDaily Brief
Advent Targets Loan for Colombian Pipeline Buy
US private equity firm Advent International is preparing a $600m loan to help fund the acquisition of a 22% stake of Colombian pipeline operator Ocensa, LatinFinance understands. A bank meeting was held in Colombia last week for the 7-year amortizing facility, done through a special purpose vehicle, with pricing at Libor+450bp. MLA, lead arranger and arranger tickets – of $80m, $50m and $25m, respectively – are on offer. Citi, Itau and Natixis are leading the transaction, expected to close before the end of the year. The total purchase price of the stake is expected to be more than $1bn. Canada’s Talisman Energy is selling its 12% position, along with portions owned by France’s Total and Spain’s Cepsa. Talisman would retain transport rights for the 830km pipeline, which links the Llanos Basin to the Covenas port in Colombia.