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Daily Brief

Dec 29, 2006 Issue

Benito Roggio Completes Cordoba Water Deal

M&A

Argentine infrastructure company Benito Roggio has completed its acquisition of a 51% stake in Aguas Cordobesas, the Córdoba province water company, from French utility S...

CIBC Acquires Barclays Stake In FirstCaribbean

Caribbean

Canada's CIBC has acquired a majority stake in FirstCaribbean International Bank after buying the 43.7% share owned by Barclay's Bank. CIBC paid $988.6 million in cash, o...

CPFL Sells $298 Million In Local Debt

Brazil

Brazilian power utility Companhia Paulista de Força e Luz (CPL) has sold $298 million worth (640 million reais) of local debt securities. The bonds, due December 1, 2013,...

IDB Remains Region's Primary Source Of Multilateral Lending

Bonds Structured Finance

The Inter-American Development Bank (IDB) was the primary source of multilateral lending for Latin America and the Caribbean in 2006, according to the Bank's end-of-year ...

Latin American Markets End Year Upbeat

The region's markets ended the year on an upbeat mood, with an added fillip provided by favorable economic news from the US, which pushed the Dow Jones Index to break the...

Net Raises $270 Million From Debentures Sale

Brazil

Brazilian pay-TV company Net Servicos has raised $270 million from the sale of local debt securities totaling 580 million reais. The debentures, sold through Banco Brades...

Peru Foresees Growth Of 7.5%

Peru

Peru's minister of economy and finance, Luis Carranza, has predicted economic growth of 7.5% this year, the highest level seen in more than 10 years. Growth this year was...

SABMiller Reorganizes In Ecuador

M&A

Anglo-South African brewer SABMiller is reorganizing its businesses in Ecuador. On Thursday, the company announced the results of its tender offers for shares in its thre...