Jun 5, 2013 | Latin America, News
Bloomberg May 21 2013 Philip Morris International Inc. agreed to acquire the remaining 20 percent stake in its Mexican tobacco business from billionaire Carlos Slim’s Grupo Carso SAB for about $700 million. The deal, which the companies expect to complete by Sept. 30,...
Jun 5, 2013 | Brazil, Latin America, News
Financial Times May 15 2013 Citigroup has sold its Brazilian consumer finance units to local bank Itaú-Unibanco for R$2.77bn, as the US lender looks to withdraw from part of the country’s fiercely competitive retail banking market. Itaú, which ranks as Brazil’s...
Jun 4, 2013 | Latin America, News, Western Europe
DealBook June 1 2013 Banco Santander said on Thursday that it had sold a 50 percent stake in its asset-management arm to two investment firms, Warburg Pincus and General Atlantic, as the bank continues to raise money to bolster its balance sheet. At the same time, the...
Jun 3, 2013 | Brazil, Latin America, News
New York Times DealBook June 01 2013 SÃO PAULO, Brazil — Brazil’s largest cement producer, Votorantim Cimentos, is planning to raise as much as $4.8 billion in what would be one of the largest initial public offerings worldwide this year. The move is a positive sign...
Jun 3, 2013 | Brazil, China, East Asia, Latin America, News
Financial Times May 28 2013 When Morgana Miolo started doing business in China two years ago, the Brazilian was struck by the cultural differences of operating in the world’s second-largest economy. “The Chinese close a deal with the most important person at the table...
