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Daily Brief

Dec 22, 2009 Issue

BofA-ML Appoints Treasury Bankers

Brazil

Bank of America Merrill Lynch has named Luiz Carlos Couto LatAm sales manager and Marcelo Pereira de Carvalho senior sales officer for Brazil within its global financial ...

Solorzano Takes Wal-Mart LatAm

People Corporate & Sovereign Strategy

Wal-Mart has appointed Eduardo Solorzano president and CEO of Walmart Latin America. The former president and CEO of Walmart de Mexico will oversee operations in Argentin...

Brazil Develops Carbon Efficient Index

Equity

BNDES and BM&F-Bovespa are developing a Carbon Efficient Index (CEI), which is expected to be launched in 2010. The CEI, based on the Brazil Index 50, will be weighted by...

Colombia Bags IDB, WBank Money

Bonds Structured Finance

Colombia is getting a $21.3m loan from the IDB to strengthen judicial services by decongesting the case docket, improve and consolidate case-law information, enhance qual...

Brink’s Takes Hit on VEB Exchange

The Brink's Company, which provides secure transportation and cash management services, says it will repatriate VEB75m held in Venezuela at the parallel exchange rate, ta...

Alagoas State Gets Multilateral Aid

Brazil

The World Bank has approved $195.5m in 30-year funds to the State of Alagoas, in Brazil’s Northeastern region, to stimulate sustainable growth, job creation and investmen...

Mexican PE Firm Makes First Close

Funds

Mexican PE shop Wamex has made a first closing of $55m for its second fund, dubbed the Multinational Industrial Fund II (MIF II), says partner Jose Antonio Contreras. He ...

Famsa Brings Small CP

Mexico

Mexican retailer Grupo Famsa has priced a $27m 1-year deal at par to yield 8%. The issuer was heard looking for $50m in the Reg S only CP, but apparently fell short owing...

EMP Closes CentAm Infrastructure Fund

Washington DC-based private equity shop EMP Latin America (EMPLA) has made the final closing of its CentAm Mezzanine Infrastructure Fund (Camif) with $150m. Camif offers ...

CSN Seen Encountering Diversification Risk

Brazil

CSN’s bid for Portuguese cement maker Cimpor could distract it from its core business, according to Fitch, which notes pressure on the Brazilian steelmaker’s investment g...

Capital International Buys El Tejar Stake

The private equity arm of Capital International has taken a 15% stake in agribusiness giant El Tejar for $150m, London-based partner Martin Diaz Plata tells LatinFinance....