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Daily Brief

Dec 19, 2012 Issue

Bancolombia Enters Guatemala

Colombia Guatemala M&A

Bancolombia has agreed to pay $216m for a 40% stake in Grupo Agromercantil Holding, which owns Guatemala's Banco Agromercantil bank and other financial institutions, Banc...

Brazilian IT Provider Plans Share Sale

Brazil Equity

Brazil’s Senior Solution is planning to raise additional equity capital, according to regulatory documents. The Brazilian IT provider specializing in the financial indust...

Compartamos Set for MXP Retap

Mexico Bonds

Mexico’s Banco Compartamos is scheduled to price a reopening of its 2015 floating-rate domestic bonds today. The microlender wants to reopen the bonds for MXP1bn ($78m), ...

Milpo Digs Up Loan Funds

Peru Loans

Peruvian miner Milpo has agreed to an $80m loan from Citi and Scotia, it says. The 7-year loan has a 2-year grace period and interest rate of Libor+3.3%, according to peo...

Pemex Seeks Diverse 2013 Funding Targets

Mexico Bonds

After a groundbreaking debt fundraising year, Pemex is targeting issuance in more new markets in 2013, its treasury manager says. The Mexican state-owned oil company has ...

Petrobras Takes Vale Fertilizer Plant

Brazil M&A

Petrobras has agreed to buy 100% of the Araucaria Nitrogenados fertilizer plant from Vale, it says, for $234m. The state-controlled oil producer will pay the miner using ...

Pulp Producer Completes Domestic Bond

Brazil Bonds

Eldorado Celulose e Papel has raised BRL940m ($450m) in Brazil’s domestic bond market, according to Anbima. The inflation-linked 2027 debenture pays 7.41%, in line with e...

Sabesp Clinches BRL Debt

Brazil

Sao Paulo water utility Sabesp has finalized the sale of BRL500m ($240m) in Brazil’s domestic bond market, according to Anbima. The 2015 debentures pay the DI+0.30% durin...

Santher Plots Local Debt

Brazil Bonds

Fabrica de Papel Santa Therezinha (Santher) plans to raise BRL125m ($60m) in Brazil’s local bond market, according to regulatory documents. The paper company plans a 2016...

Sao Martinho Buys Mill from Biosev

Brazil M&A

Sao Martinho has agreed to buy a sugar processing mill from fellow Brazilian Biosev, Sao Martinho says, for BRL200m ($95m). The deal includes the sale of the Sao Carlos m...

Scotia Names LatAm EVP

People

Scotiabank has named Wendy Hannam executive vice president for Latin America. She replaces Dieter Jentsch, who as of November 1 took over as group head, international ban...

Slim Adds Spanish Properties

Mexico Europe M&A

Carlos Slim is not done acquiring assets from struggling Europeans, agreeing to buy a package of properties from Spain’s CaixaBank for EUR428m ($571m), CaixaBank says. Th...

Vitro Goes After Hedge Funds

Mexico Corporate & Sovereign Strategy Funds

Mexican glassmaker Vitro is preparing to sue a group of hedge funds for up to $1.59bn, it says. The glassmaker has initiated the process to recover damages caused by laws...