BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion. China's second largest financial institution in terms of assets, China Construction Bank Corp, had entered into an agreement to pay BRL1.
South/Central America
Telefonica turns over control of Czech unit for EUR2.47 billion
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
Tropical Storm Sonia threatens heavy rains in Mexico
Tropical Storm Sonia could bring intense rains in Western Mexico which was hit by flooding in recent months.
Two Brazilian banks reducing risk with Grupo EBX developments
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
Embraer under investigation by US and Brazilian authorities
Embraer under fire for corruption charges in the Dominican Republic. American and Brazilian authorities are determining whether Embraer SA had bribed Dominican Republic officials for the grant of a USD90 million contract for attack planes for the country's armed forces.
Latest News
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
Former billionaire Eike Batista would be selling his coal mines in Colombia to Yildirim Holding for USD 450 million.
OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.
Petróleo Brasileiro (Petrobas) was reportedly nearing the completion of its Peru-based asset sale to China National Petroleum Corp (CNPC).
Hypermarcas would be repurchasing 40% worth of its USD 750 million outstanding global bonds that would expire on in 2021.
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
