After getting red-carpet treatment in Caracas, a swashbuckling US capitalist helps his company gains control of Venezuela’s public utility. Still, AES’s acquisition involved plenty of stealth and discretion.
Category: 2000
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Chilean Tycoon Goes Online
The Chilean magnate Ricardo Claro is planning to extend his business empire onto the Internet. Claro wants to convert his media company into an Internet provider, and possibly make it […]
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Smith Leading Celumovil in Colombia
Larry Smith BellSouth has named Larry Smith president of Celumovil, Colombia’s second largest wireless provider in Bogotá, Barranquilla, and Cartagena. BellSouth recently purchased 50.35% of Celumovil […]
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A Commanding Lead
The bulge bracket banks of New York and European wannabes have taken control of Brazilian high finance. But local firms cannot be discounted as big-ticket state privatizations wind down.
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Coverlink Arrives in Latin America
Ana Patricia Botín, president of Coverlink and daughter of BSCH CEO Emilio Botín, is expanding her Internet service company to Latin America, beginning with Mexico where Coverlink has acquired software […]
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Spanish Spending Spree
Spain’s Banco Bilbao Vizcaya Argentaria spent more than it planned to buy Mexico’s second-biggest bank. With BBVA’s substantial assets and promise of profits, colonial domination isn’t looking so bad.
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A Universal Exchange
National stock exchanges are teaming up to offer investors round-the-clock trading and a single pool of global liquidity. The Sao Paulo and Mexico City bolsas are on board, but would they really benefit?
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Domiciled in the USA
Latin companies are assuming new personalities with an American hue. A US-oriented image can boost access to capital and investor confidence. But not all companies can lower their risk profiles so easily.
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Telefónica Concludes Bid
Spain’s Telefónica, the dominant telecom operator in Latin America, successfully concluded its all-stock bid for three of its four local subsidiaries. Completion of a tender offer to shareholders in the […]
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A User’s Guide to International Stock Exchanges
New York Stock Exchange (www.nyse.com) Listing Requirements Non-US corporations can list under either alternate listings standards or NYSE domestic listing standards, but must meet all criteria within a given standard. […]