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Foord Asset Management

South Africa's Foord increases Adcock stake to 15%

Cape Town, South Africa-based investment firm Foord Asset Management has lifted its stake in Johannesburg-based drug maker Adcock Ingram to 15%, according to a regulatory filing on Friday.

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Hapag-Lloyd AG

Germany's Hapag-Lloyd says rival Hamburg-Sued should join merger talks with Chilean shipper Vapores

Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.

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Hapag-Lloyd

Chilean shipper Vapores in talks with Hapag-Lloyd on a possible merger

Top executives of shipping companies Compania Sud Americana de Vapores and Hapag-Lloyd were reportedly negotiating a merger deal. Vapores has suffered losses and is seeking for ways to become more competitive.

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Bidvest Group

South Africa Bidvest 's new offer could derail CFR's takeover bid for Adcock Ingram - report

South Africa's industrial conglomerate has joined forces with unlisted drug firm Community Investment Holdings (CIH) to buy a stake in Adcock Ingram in a move that could derail Chilean company CFR Pharmaceutical's takeover bid, said a Business Day Live report.

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Inmaculada

Hochschild to issue $350M in bonds to fund expansion in Peru, Chile

London-listed Hochschild Mining Plc plans a USD350 million bond issue to finance its expansion projects in Peru and Chile. It intends to invest USD372 million in a silver mine project in Peru and USD1 billion in a gold project in Chile.

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Adcock Ingram

CFR Pharmaceuticals issues formal bid for Adcock Ingram

Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.

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Pascua-Lama

Chile court gives latest suspension on Barrick’s gold mine operation

Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.

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Brazilian real coins

Latin American currencies low as investors wait for results of Fed's meeting

Latin American currencies low as investors waited for results of Fed's meeting.

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Codelco

Chile's Codelco considers selling non-core assets to finance investments

Codelco would sell its non-key assets to fund its investments after receiving only US$1 billion from the government.

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The CFR Pharmaceuticals Logo

Chilean Pharmaceutical Company Plans to Expand Big in South Africa

CFR Pharmaceuticals has embarked on a South African road show starting June 08.

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Adcock

Chilean drugmaker CFR bids for Adcock for US$1.3 billion

Adcock Ingram Holdings Ltd. received a non-binding proposal from Chilean drug manufacturer CFR Pharmaceuticals SA for US$1.3 billion.

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Copper

Codelco retains US$1 Billion earnings for investments

Chile allowed the state-owned miner, Codelco, to retain its US$1 billion profit for its new undertakings.

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