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Daily Brief

Dec 27, 2006 Issue

CCU Buys 50% Watt's Drinks Business

Chile

Chile's largest beermaker, Compañía Cervecería Unidas (CCU), has paid $28.3 million for 50% of the juices and drinks brands of local food and drinks producer Watt's. CCU ...

Economists Lower Selic Rate Forecast

Brazil

Brazilian economists have lowered their average forecasts for the country's benchmark lending Selic rate to 11.75% from 12% (the current level is 13.25%) by the end of ne...

Edemsa To Issue $110 Million Bonds In Debt Restructuring

Corporate & Sovereign Strategy

Edemsa, the electricity distributor of the province of Mendoza in Argentina, is to issue bonds worth $110 million, according to a filing with the Buenos Aires Stock Excha...

Moody's Upgrades Ancap

Ratings agency Moody's Investors Service has upgraded Uruguay's state owned oil company Ancap, raising its foreign currency issuer rating from B1 to Ba2 and its global lo...

US Duke Energy May Sell Bolivia Stake

Andean

US utility company Duke Energy may be concluding an agreement soon to sell its Bolivian assets, which include a 50% stake in a hydroelectric dam. The Corani dam, situated...