China

Chinese Trio Takes Stake in Brazilian Miner

Brazil China M&A

Taiyuan Iron and Steel Group, CITIC Group and Baosteel Group have set up an investment vehicle to acquire a 15% stake in Brazilian miner Companhia Brasileira de Metalurgi...

ICBC Gains Foothold In Argentina

Argentina China M&A

Industrial and Commercial Bank of China (ICBC) has agreed to acquire 80% of the shares of Standard Bank Argentina, Standard Investments, and Inversora Diagonal for $600m....

Nextel Mexico Gets CDB Loan

Bonds Corporate & Sovereign Strategy Mexico

Nextel Mexico, the operating subsidiary of NII Holdings, has signed an agreement with China Development Bank for a $375m loan. The loan will fund the purchase of Huawei T...

Forum Issues CLP Bonds

Chile China Bonds

Chilean auto lender Forum issued CLP20bn ($41m) in local bonds. The 3-year AA minus/AA+ bond priced at 98.84 with a 6.90% coupon to yield 7.35%, or 102bp over the BCP-3 g...

Sinopec Buys Oxy's Argie Assets

Argentina China M&A

Sinopec, a subsidiary of China Petrochemical Corp, is buying the Argentine oil and gas assets of US-based Occidental Petroleum (Oxy) for about $2.5bn in after-tax proceed...

China’s CCB Pushes RMB Trade

Bonds Corporate & Sovereign Strategy Structured Finance

China Construction Bank (CCB) sees scope to significantly increase volume in its settlement business supporting RMB-denominated trade between LatAm and China. “We think i...

China SWF Mulls LatAm PE Investment

Asia China Funds

Sovereign wealth fund China Investment Corporation (CIC) wants to boost exposure to LatAm, potentially via private equity. "For us Latin America is a very important regio...

China Minmetals Invests in Peru

Peru China M&A

China Minmetals will invest an estimated $2.5bn in Peru’s Galeno copper mine in the Cajamarca region, according to the country’s vice minister of mines, Fernando Gala. Th...

Sinopec Buys Into Brazil Via Repsol

Brazil China Europe

Spain’s Repsol has sold a 40% stake in its Brazil unit to Chinese oil firm Sinopec for $7.1bn, a high price in line with recent comparables. Repsol had been planning to f...