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BG Group has named former Vale CFO Fabio Barbosa as CFO, it says. He will join the UK-based oil and gas company March 31, replacing Ashley Almanza, who will continue to w...
People Corporate & Sovereign Strategy
Santander Brasil has named Marcial Angel Portela Alvarez CEO, replacing outgoing CEO Fabio Barbosa, according to the company. Barbosa will become chairman of the board of...
This is the last Daily Brief until January 3 2011. Happy holidays to all our readers.
Repsol has agreed to sell a 3.3% stake in YPF for $500m to Eton Park Capital Management and Capital Guardian Trust Company and Capital International. The $39/share deal i...
Chile
Chilean retailer La Polar has issued UF5m ($222m) in local bonds, getting demand for more than UF9m, according to a banker on the deal. The A minus rated issue was done i...
The board of directors of Ventana Gold has recommended that shareholders reject an unsolicited bid from EBX. EBX has made a CAD12.63 ($12.45) per share offer for an aggre...
Colombia
Global brewer SABMiller is said to be planning to issue up to COP2.5trn in local bonds to replace existing notes issued by now defunct brewer Bavaria. "Since Bavaria no l...
M&A
A recent ratings cut for Maxcom could pressure the company’s acquisition multiple, according to industry experts. Last week, Moody’s cut the Mexico-based telephone compan...
Lupatech and Lupatech Finance have had their global corporate family ratings downgraded to Caa1 from B2 by Moody’s. Lupatech Finance’s senior unsecured perpetual notes we...
Fibria Celulose had its foreign and local currency IDR rating of BB and national long-term rating of A+ placed on rating watch positive by Fitch. The ratings agency has a...
After 2010 marked the slowest year for the loans market since 2004 in terms of volume according to Dealogic, syndicated loans bankers are optimistic that 2011 will bring ...
Around COP5trn ($2.3bn) in corporate Colombian debt will mature in 2011 and need to be refinanced. According to Francisco Chaves, fixed income strategist at Bogota-based ...
Brazil
Danish shipping and oil company Maersk is acquiring stakes in 3 pre-salt oil blocks in Brazil for $2.4bn from Korean oil refiner and marketer SK Energy. Maersk's head of ...