China

Chinese Firm Outbids Brazilians for EDP Stake

Brazil China Europe

China’s Three Gorges managed to outmaneuver its Brazilian rivals and won a coveted 21.35% stake in Energias de Portugal (EDP). The Chinese company paid EUR2.7bn ($3.5bn) ...

Recope Preps CDB Loan

Costa Rica China Loans

Costa Rica’s Recope and the China Development Bank (CDB) are working on a 15-year $800m-$900m syndicated loan with a 3-year grace period arranged by CDB to fund improveme...

AMX RMB Bond Sees A2 Rating

Mexico China Bonds

Moody’s has assigned an A2 rating to America Movil’s (AMX) proposed RMB1.9bn ($300m) of senior notes. Proceeds are expected to be used for yuan capital expenditure fundin...

PDVSA Turns to Chinese Credit to Guarantee Brazil JV

Brazil Venezuela China

Venezuela’s PDVSA has announced that a $1.5bn credit line will serve as a guarantee for its 30% participation in a joint refinery with Petrobras. This came just a day aft...

AMX to Test Dim Sum Market

Mexico China Bonds

America Movil (AMX) has mandated HSBC to arrange 2-day fixed-income investor meetings in Asia starting next week amid expectations that the veteran LatAm borrower may try...

Carrier Signs JV with China’s Midea

Brazil China M&A

Brazil’s a global air conditioning and refrigeration company Carrier, has decided to create a joint venture company with China’s Midea Group that will distribute products...

Sinopec Clinches Good Price for Galp Brazil Stake

Brazil China Europe

The China National Petrochemical Corp’s is seen obtaining an attractive price after purchasing a 30% stake in the Brazilian operations of Portugal’s Gap for $3.54bn, mark...

CNOOC, Bridas Abandon $7bn PAE Purchase

Argentina Brazil China

A joint venture between China’s CNOOC and Bridas Energy Holdings (BEH) has decided against purchasing a 60% equity interest in Argentina’s Pan American Energy (PAE) from ...

Cnooc, Bridas Extend Talks for PanAm Stake

Argentina Asia China

The joint venture between China National Offshore Oil Corporation’s (CNOOC) and Argentina’s Bridas has extended its talks with BP to acquire the British oil company’s maj...

BB Preps China Ops

Brazil China Bonds

Banco do Brasil has received approval from Brazil’s central bank to conduct commercial banking operations in China, according to a bank official, and is awaiting a licens...

BRICS Set Up Exchange Alliance

Brazil Asia China

Brazil’s BM&FBovespa has agreed to form an alliance with the Hong Kong, Johannesburg, Moscow, Bombay and Indian National exchanges. Together, these markets represent a co...

China to Play Bigger Role in Domestic Growth

China Economy & Policy Corporate & Sovereign Strategy

China is not only Brazil’s largest trading partner, but it now represents the third-largest source of FDI flows into the country, says Persio Arida, a managing partner at...

IBD to Encourage Chinese Participation on A/B Loans

China Loans

The IDB is trying to encourage Chinese commercial banks such as the ICBC and the Bank of China to participate in Latin American A/B loans, Hans Shulz, general manager of ...

Marfrig Preps Sale of QSR Assets

Brazil China M&A

The Martin-Brower Company is offering to pay $400m to acquire Brazilian food company Marfrig’s quick service restaurants (QSR), logistics assets and other business from i...

China Looks Beyond LatAm Resource Investments

Asia China M&A

While natural resources remain at the top of China’s list of must-have targets in LatAm, the country’s SOEs and private companies should increasingly start to invest in t...