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Daily Brief

Dec 18, 2007 Issue

Bank, IT Investor File For Brazil Offerings

Equity

IT investment company Ideiasnet has filed for additional shares on the Bovespa, without disclosing how much it expects to sell. The Rio de Janeiro-based company has 84m s...

Cencosud Buys Peru's Wong for Cash, Stock

Chile

Chile's Cencosud is acquiring leading Peruvian retailer Grupo Wong in a transaction worth $500m equity value. The Wong family, which owns 96.83% of Grupo Wong, will get 4...

Citi Sees Big Year for LatAm Equity

Citi is forecasting a bumper year for LatAm equity in 2008. The shop, which has been an equity bull throughout 2007, announced Monday its forecasts. At the end of next ye...

Conduit Sells More Power Assets

Funds

Private equity investor Conduit Capital Partners has completed the sale of two portfolio companies to undisclosed buyers. It sold Jamaica Energy Partners, consisting of 1...

DF Sells Bonds, Mulls Offering More

Mexico

The Mexico City government is considering the sale this week of the remainder of bonds authorized under a MXP4.5bn shelf, following a MXP3.0bn sale last week. The deal in...

Four Groups Bid for Panama Locks Contract

Panama

The Panama Canal Authority has selected four consortia to bid on the contract to build the new locks for the canal expansion. The C.A.N.A.L. consortium is led by Spain's ...

GE Buys into Brazil Oil Drilling

M&A

GE Energy Financial Services plans to invest $54m and co-finance the acquisition of a ship drilling for oil in deep water off the coast of Brazil. GE says this is its fir...

GP Buys Brazilian HR Units, Plans Merger

M&A

GP Investments has agreed to buy stakes in four human resources companies in Brazil for BRL100m . The deal will combine Soma Gestao de Servicos e Desenvolvimento de Recur...

Petrotemex Wraps up $150m Relationship Loan

Mexico

Mexico's Petrotemex has closed a $150m dual currency loan. The transaction includes practically all of holding company Grupo Alfa's relationship banks. Led by Santander a...

Ripley Raises $109m in Share Sale

Chile

Chilean retailer Ripley has sold 98m new shares, raising about $109m, it said. The shares, representing about 5% of the company's total, sold for CLP555 each, below the $...

S&P Considers Marfrig Upgrade

Brazil

S&P has revised its outlook on Brazil-based meat processing company Marfrig Frigorificos e Comercio de Alimentos to negative from stable. It also affirmed a B+ corporate ...

S&P Raises Xignux to BB+ Plus

Mexico

S&P has upped its corporate credit rating on Xignux, the Mexican diversified holding company, to BB+ (stable) from BB and raised its 2009 notes to BB from BB-. "The ratin...