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Daily Brief

Dec 22, 2005 Issue

Bank of America Finalizes Sale Of BankBoston

Argentina

The Bank of America in Argentina has finalized the sale of BankBoston to a consortium led by South Africa's Standard Bank and local families Werthein and Sielecki in a 70...

Bradesco Buys Banco do Estado do Ceará

Brazil

Bradesco, Brazil's largest private bank, in terms of assets, beat off Banco GE Capital SA to buy state-owned Banco do Estado do Ceará at auction for 700 million reais ($3...

Brazil Plans To Settle Debt To Paris Club

Brazil

Following the news that it plans to settle its debt with the IMF two years ahead of schedule, Brazil has said it also plans to pay back early loans of around $2.6 billion...

Brazilian Company SA Plans Offering Via Novo

Equity

Brazilian realty firm Company SA is planning a public offering of shares on Bovespa's Novo Mercado. The company is hoping to raise around 200 million reais ($85 million) ...

Endesa Plans New Energy Projects For Chile

Chile

Empresa Nacional de Electricidad SA (Endesa) is to build four hydroelectric plants in Chile between 2008 and 2018 to meet the country's growing energy needs. The projects...

French Constructor Vinci Sells Stake To Mexican ICA

Mexico

French construction company Vinci has sold its 34.25% stake in Mexican partner Seta for $38 million to Mexico's ICA. Seta runs 13 airports in the north-east of Mexico. Th...