Argos, the biggest cement manufacturer in Colombia, is offering 250 million preferred shares in a two stage sale to raise funds for its expansion plans.
South/Central America
Costa Rica to Issue Dual Tranche US Dollar Bonds
The Costa Rican republic would issue two tranches of US dollar denominated bonds at US$500 million each.
Alupar IPO in Sao Paulo a success
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
OGX to sell oil interests to Lukoil and Petronas
The beleaguered OGX Petroleo is seeking stake sales of oil interests with Petronas and Lukoil. The flagship corporation of Brazilian mogul Eike Bautista, OGX Petroleo e Gas SA, is in negotations to sell off its 40% shareholdings to Russia's Lukoil.
BP Reviewing Mad Dog 2 Project
BP is now undertaking a specific review of Mad Dog 2 as to the economies of scale and profits. British Petroleum is currently taking a new look at its oil project in the Gulf of Mexico.
Latest News
Banco Itau is said to be relieving the duties of Marcelo Marangon and four others from executive positions in the bank.
The merger created the largest European infrastructure group and the biggest savings on record for the companies.
Biosev SA, to ease concerns about Brazil's equity market, offers a money back guarantee for its IPO.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.
Clariant, in compliance with US regulators requirements, would be purchasing deep sea assets of the Gulf of Mexico owned by Ecolab.
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
Evertec, at a per share price of US$20, stands to raise US$1.75 billion in its initial public offering.
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
