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News

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Rousseff ratifies financial insution pro tax law



Banco do Brasil, Caixa allowed to acquire banks again

Troubled economy awing Argentina’s next president – Moody’s

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Gamesa signs 206MW Brazil wind contract

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Microsoft to invest extra US$350mn in Mexican operations

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How will Brazil sweetens infra concessions?

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Nextel Brasil announces insurance partnerships

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Chile’s mining exports down for 3rd month

CSN to start non-core asset sales

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Peru calls off state of emergency at Las Bambas

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Chile SEA watch: nearly US$2bn subted in September

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Petrobras’ Comperj gas project suspended

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Peru minister: We’re prying open perting bottlenecks

Mexico presents Fibra E for infrastructure investments

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Alcatel-Lucent comted to Shift Plan regardless of Nokia takeover

SPOTLIGHT: Asus, Xiaomi launch new phones in Brazil

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Companies

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See all Banking Companies

BBVA Perú

BBVA Banco Continental, the Peruvian u of Spanish bank BBVA, is the country’s second largest bank in terms of assets. Although principally focused on corporate lending and top consumer segments, the bank also operates as a universal bank offering a wide range of financial products and services, including saving and checking accounts, fixed-term depos, consumer and commercial loans, mortgages, de and cre cards, letters of cre, electronic collection services, foreign currency transactions, custody of secuies, investment banking, portfolio management, and other banking services to businesses and individuals. The bank is part of Grupo Continental, controlled equally by Banco Bilbao Vizcaya Argentaria and Inversiones Breca S.A.

INVEX Banco

Banco INVEX is a private Mexican banking company, which provides financing products and services in local and foreign currencies. The bank also provides financial consultancy services covering investment, savings and infrastructure funds. INVEX Banco is part of INVEX Controladora, through Invex Grupo Financiero. It has offices in Guadalajara, Federal District and Monterrey, and operates a branch in Miami, Ued States.  In 2014, Banco Invex acquired Mexico’s cre card portfolio of Brazil’s Itaú Unibanco, a move in line h Invex’s strategy to become the country’s leader in the payment systems business.

Western Union

US company Western Union is engaged in money transfer and payment services. It operates in the segments of consumer-to-consumer and global business payments. In September 2009, the company acquired Custom House, a provider of international business-to-business cross-border, cross-currency payment services. In February 2009, acquired the money transfer business of FEXCO Group Holdings (FEXCO Group). The firm has operations in Latin America and the Caribbean throughs representative offices in various countries.

BancoChile

Chile’s second largest bank Banco de Chile S.A. is a full service financial insution offering retail banking, wholesale banking, and treasury and money market services in Chile and the US. Its personal banking products include depo services such as checking and savings accounts and time depos, as well as loans (consumer, auto and mortgage) and money market accounts. The bank also offers lines of cre, cre card products and online banking services. It provides a wide range of treasury, risk management, and financial management products, including checking accounts, foreign currency accounts, and money market accounts, to corporate customers. In adion, the company provides foreign trade services and treasury banking services. Its subsidiaries offer adional services such as secuies and insurance brokerage, mutual fund management, financial advisory, and factoring. Banco de Chile has a representative office in China; a network of more than 1,000 correspondent banks; and a strategic alliance h igroup. Banco de Chile’s shares are listed on the NYSE, Madrid and London stock exchanges. The bank is controlled by Quiñenco group through LQ Inversiones Financieras S.A.

See all Electric Power Companies

Ormat

Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The company operates in two segments: electriy and products. The electriy segment designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The products segment designs, manufactures and sells geothermal and recovered energy power us and other power generating equipment, and provides related services. Headquartered in Reno, Nevada, the company operates in the US, Guatemala and Kenya. Its assets in the region include the 20MW Amalan geothermal power plant in Guatemala.  In 2015, Ormat Technologies was awarded an engineering, procurement and construction contract for the 50MW Cerro Pabellón geothermal plant in Chile – a JV h Italy’s Enel Green Power – which plans to bring online by 2017. Cerro Pabellón would be the first geothermal plant in South America.

Eletrobras

Brazil’s federal utiy holding company Centrais Elétricas Brasileiras S.A. (Eletrobras) owns, operates and maintains power generation, transmission, distribution and marketing assets throughout the country. The company also acts as an agent for managing and investing government funds related to the energy sector. h 45 hydroelectric plants, 125 thermoelectric plants, eight wind farms and two nuclear plants, Eletrobras is responsible for 34% (42,987MW) of the electrical power generation in Brazil. It owns 61,500km of transmission lines and 257 substations, and participates in major generation and transmission projects under construction in the country, including hydroelectric plants found at the main tributaries of the Amazon river such as the Santo Antônio and Jirau power plants in the Madeira river, and the Belo Monte power plant in the Xingu river.

Enersis

Enersis S.A. is a Chilean power holding company h direct and indirect stakes in power generation, transmission and distribution assets. The company also engages in gas transportation and distribution. The company has operations in Argentina, Brazil, Colombia and Peru, as well as in Chile. Its generation faciies have over 16,000MW in installed capay, a business line developed throughs subsidiary Endesa Chile. It supplies power to around 14mn customers throughs distribution companies, including Edesur (Argentina), Ampla and Coelce (owned by Endesa Brasil), Chilectra (Chile), Codensa (Colombia) and Edelnor (Perú). The power transmission business is carried out through the Argentina-Brazil interconnection line, CIEN. Enersis is controlled by Spanish multinational corporation Endesa, which is in turn controlled by Italian power giant Enel. The company was incorporated in 1981 as Compañía Chilena Metropoana de Distribución Eléctrica S.A. and adopteds current name in 1988.  A planned restructuring of Enersis could be subted to shareholders for approval by end-2015 and completed by the third quarter of 2016. The move will separate the Chile business – comprising power generator Endesa Chile and distributor Chilectra – from Endesa and Chilectra-controlled subsidiaries in Argentina, Brazil, Colombia and Brazil, according to Enel. The new Chile u will be called Enersis Chile, while the Latin American u – comprising generation, transmission and distribution firms – will be called Enersis Americas.

AEI

US multinational company Ashmore Energy International (AEI) owns and operates interests in multiple power generation assets as well as natural gas transportation and distribution businesses in emerging markets. Projects under construction or development include the 541MW Fénix combined cycle project in Peru, and the 300MW Jaguar thermo project in Guatemala. The company operates 1,761MW of generation. AEI is active regionally in Nicaragua, Brazil, Guatemala, Jamaica, Peru and Dominican Rep.

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Synapsis Chile

Synapsis is a Chilean IT firm created in 1988 as the subsidiary and spin off from Chilectra, a part of the Enersis group, to meet information services needs in the companies that make up the group. It was acquired in 2010 by private eqy firm Riverwood Caal for US$52mn. The company provides IT outsourcing services, including IT infrastructure, SAP solutions, business applications and commercial systems, to corporate and government clients. Synapsis has operations in Argentina, Colombia, Peru and Panama, and is based in Santiago, Chile.

Adobe Systems

US-based Adobe Systems is a provider of network publishing that offers a comprehensive line of creative, business, web and mobile software and services for enterprise and professional customers. Its products enable customers to create, manage and deliver visually rich and reliable content. The company’s products and services are categorized into four businesses: creative solutions, business productiy solutions, platform and print and publishing. Adobe was founded in 1982 and is based in San Jose, California. Latin America is served throughs offices in Colombia, Chile and Brazil.

IBM

International Business Machines Corp. (IBM) is a US multinational technology and consulting corporation. IBM provides hardware, including desktop and notebook PCs, mainframes, servers and storage systems, as well as software; financial services; and a broad range of IT services. The company’s major operations comprise five segments: global technology services; global business services; software; systems and technology; and global financing. In adion to IT services, also provides businesss consulting, applications, and outsourcing services, among others. IBM has a global presence, operating in more than 170 countries, including offices throughout Latin America and the Caribbean.

Accenture

Dublin-based Accenture plc is a global management consulting, technology services and outsourcing company h more than 320,000 employees and offices and operations in over 200 ies in 56 countries. The company’s five operating groups serve clients in the communications, electronics, technology, banking, health and public services industries. In 2015 the company acquired Rio de Janeiro-based company Gapso, a provider of business analytics solutions principally aimed at the agribusiness and natural resources verticals. The acquiion aimed to improves capabiies in analytics technologies and to expands footprint in Brazil. h the move, the firm is eying business h customers from the oil and gas, petrochemical, mining, pulp, paper, steel, grains, sugar and ethanol industries. Accenture has Latin American offices in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Venezuela.

See all Infrastructure Companies

MetrôRio

Concessão Metroviária do Rio de Janeiro S.A. (MetrôRio) is a Brazilian subway firm which holds the operating concessions for the underground railway network that serves the y of Rio de Janeiro. Founded in 1979 and originally operating five stations on one line, now covers 48km divided into two lines h 34 stations. The concession holder transports nearly 550,000 passengers/d on average. In 1998, MetrôRio was awarded the concession to operate the Rio de Janeiro subway until 2038. MetrôRio is controlled by local infrastructure group Invepar. As part of infrastructure projects for the Rio de Janeiro 2016 Olympics, MetrôRio has increaseds fleet by 63% by acquiring 19 new trains from China. The first trains were put into use in 2012 and became fully operational in 2013.

Autopista del Sol

Chilean concessionaire Autopista del Sol, owned by construction consortium Infraestructura Dos Mil, holds a 28-year concession for the 132km tollroad linking Santiago and region V’s San Antonio port granted by the country’s public works ministry through 20 May 2019. The highway will bene residents of Santiago, Talagante, Melipilla and San Antonio provinces. Since 2012, the final controller of the company is Spains’s Abertis Infraestructura S.A., which acquired OHL’s stake in Infraestructura Dos Mil. Autopista del Sol is based in Santiago, Chile.

achi

achi Ltd., headquartered in Tokyo, Japan, is a global electronics company h approximately 321,000 employees worldwide. The company offers a wide range of systems, products and services, including construction machinery, information systems, electronic devices, power and industrial systems, consumer products, property management and financial services. Operations in Latin America are located in Argentina, Brazil, Chile and Peru.

Arteris

Arteris, formerly OHL Brasil, is a Brazilian highway concessionaire engaged in the operation and maintenance of transportation infrastructure. The company owns nine concessionaries which are responsible for the maintenance and operation of roads, toll collection and provision of services to users. Its assets comprise more than 3,250km of highways that connect the states of São Paulo, Minas Gerais, Rio de Janeiro, Paraná, and Santa Catarina. It is also engaged in the execution of construction works throughs us Latina Manutenção and Latina Sinalização, both focused on road maintenance. Some of the works carried out by the company include the construction of 34 bridges and four tunnels on the road between the ies of Juqiba and Miracatu, in São Paulo state; the expansion of 25km of the BR-116 highway, which connects the ies of Cuiba and Mandiuba; and the remodeling of the main access route to the y of Ribeirão Preto. Its current project pipeline comprises building the Florianópolis ring road on the oral Sul highway; the expansion of the final 19km of Serra do Cafezal, on the Régis tencourt highway, and the construction of the Ribeirão Preto road intersection and beltway. Founded in 1998 and based in São Paulo, Arteris has been controlled since 2012 by Partícipes en Brasil, formed by Abertis Infraestructuras and Brookfiled Motorways Holdings SRL.

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Triple-S

Triple-S Management Corporation (TSM) is the leading managed care company in Puerto Rico and the second largest locally owned business. In adion tos core managed care business, TSM operates two complementary actiies in life, and property and casualty insurance. In 2014, the company entered into the Latin American market when started to offer health and life insurance products in Costa Rica, under the brand name BlueCross BlueShield Costa Rica. TSM   It was founded in 1959 and is based in San Juan, Puerto Rico.

Gruppo Generali

Assicurazioni Generali S.p.A. is the largest insurance company in Italy and one of the largest in Europe. It offers a broad array of insurance products and financial services. The group operates primarily in Europe, Middle East and East Asia, h a sales force of over 100,000 people serving 70mn clients in 68 countries. It operations in Latin America includes Colombia, Ecuador, Guatemala, Panama, and main regional markets Brazil and Argentina. In 2013, the company announced a turnaround strategy by focusing ons core insurance business and disposing of 4bn euros of non-core assets by 2015. As part of this strategy, Generali solds minoy stakes in two Mexican insurers to local holding Grupo Financiero Banorte, as well ass US life reinsurance business to French reinsurer SCOR. In Argentina, the company controlled La Caja Seguros h local group Werthein until 2014, when both partners decided to sp the business. The Italian firm took full control of Caja de Ahorro y Seguro, Caja de Seguros, and Europ Assistance Argentina. That same year, Brazilian investment bank BTG Pactual acquired Swiss subsidiary BSI, which controls Chilean private pension fund manager AFP Planal. Generali was founded in 1831 and is based in Trieste, Italy.

Zurich Insurance Group

Zurich Insurance Company Ltd. is a Swiss firm that offers life and PC insurance products and services to individuals and companies through a global network of subsidiaries and offices worldwide. It has over 50,000 employees serving customers in more than 170 countries, including Argentina, Brazil, Chile, Colombia, Mexico and Venezuela. In 2011, the company signed a 25-year alliance in Latin America h Spanish banking group Santander, under which Zurich acquired a 51% stake in the life insurance, pension and general insurance operations of Santander in Brazil, Mexico, Chile, Argentina and Uruguay. In 2014, the Brazilian u of the company started to offer caalization products to the corporate segment, mainly using channels such as banks, retailers and associations. That same year the Swiss company was named as the provider of a US$600mn surety bond to the consortium responsible for expanding the Panama Canal, Grupo Unidos por el Canal (GUPC). In early-2015, Colombia’s financial sector regulator, Superfinanciera, approved the incorporation of Zurich Colombia Seguros. Zurich Insurance Company was founded in 1872 and is based in Zurich.

Allianz

Allianz is a German financial services provider which offers insurance, banking, asset management products and services to more than 80mn customers in around 70 countries. The firm first establisheds presence in the Americas in 1974, when opened an office in Brazil. It runs insurance operations in Latin America, h companies based in Mexico, Argentina, Brazil, and Colombia. Its product portfolio includes a wide array of PC and life/health insurance products for both private and corporate customers. Allianz was founded in 1891 and is based in Munich, Germany.

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Ternium

Luxembourg-based steel group Ternium, a subsidiary of Italian-Argentine group Techint, is engaged in the manufacture and processing of flat and long steel products for the construction, food, energy and automotive industries. The group has operations in Mexico, Colombia and Guatemala, and controls Argentine flat steel producer Siderar. In Argentina, Ternium operates nine manufacturing centers, producing hot-rolled and cold-rolled, galvanized, electrogalvanized, prepainted, tinplate steel products; secure tubes; and steel shapes. Actiies ats Mexican steel complex range from iron ore extraction froms mines and steel production to the manufacture and distribution of steel products. In Brazil, is part of Usimina’s controlling group. Ternium was founded in 2005.

Gerdau

Brazil’s largest steelmaker Gerdau S.A. is also the biggest producer of long steel in the Americas and one of the major providers of specialty long steel in the world, supplying the civil construction, agricultural and industrial sectors. The Porto Alegre-based company has plants – including steel mills, hot rolling faciies, and processing plants – in 14 countries in the Americas, Europe and Asia, where produces 25Mt/y of steel in blast furnaces and electric arc furnaces. Its production lines include flat products, long carbon steels, specialty long steels, sheets, blocks and billets, and forged and cast parts. Gerdau’s assets are controlled by local steel holding company Metalúrgica Gerdau S.A.

Tubacero

Tubacero is a Mexican steel tube manufacturer h headquarters in Monterrey. It manufactures seamed carbon steel tubes for the oil, gas, electric power, mining, construction, and waterworks sectors since 1943. Its production complex has a nominal installed capay of 350,000t/y and 439,961m2 of plant space to manufacture carbon steel tubing.

CSN

Brazilian integrated steelmaker Companhia Siderúrgica Nacional (CSN) is engaged in the mining and metals, infrastructure, cement and carbon-chemical sectors. CSN is a major producer and supplier of steel and steel products for the automotive, civil construction, home appliance, original equipment manufacturing, and packing and distribution segments. Its main industrial u, the Presidente Vargas steel plant in Rio de Janeiro’s Volta Redonda y, operates two blast furnaces h combined production capay of 5.8Mt/y of crude steel – making CSN one of the largest steel producers in Latin America. In adion to steel and cement production, the company owns five industrial us (including steel rolling mills in Portugal and the US); a flat steel distributor; iron ore, limestone and doloe mines in Minas Gerais and a tin mine in the northwest state of Rondônia; bulk solids and container terminals at Itaguaí port; and holds stakes in local rail operator MRS Logística and railway transport company Transnordestina Logística; and two hydro plants. The company was founded in 1941 and is based in Rio de Janeiro.

See all Mining Companies

Glencore

Glencore plc is one of the world’s largest natural resources groups, extending through more than 90 commoies from copper to barley and from oil to vanadium. The company employs roughly 110,000 people across 50 countries. In 2013 the global commoies trader Glencore and Anglo-Swiss resource group Xstrata merged their operations. The combined group has interests in about 35 coal mines in Colombia, Africa and Australia, accounting for roughly 10% of global seaborne supplies. In Latin America, the company holds assets in Argentina, Bolivia, Chile, Colombia, Peru and the Dominican Republic. Glencore is based in Baar, Szerland. In 2015, the company solds Falcondo nickel mine in the Dominican Republic as well ass Tampakan copper project in the Philippines and the Sipilou project in Ivory Coast.

Kinross Gold

Canada’s Kinross Gold is a gold mining company h operations worldwide. In Latin America, Kinross owns the Maricunga mine in Chile and Paracatu in Brazil, the largest gold mine in the country. The company also owns the La Coipa mine in Chile where actiies were suspended in 2013 as the mine reached the end ofs life. That same year, Kinross subted an environmental impact assessment in order to expand the mine operation. The firm is evaluating the potential of the Catalina and District targets and the viabiy of La Coipa phase 7. The miner also holds a 25% stake in the Cerro Casale project, one of the world’s largest undeveloped gold and copper depos, located in Chile’s Atacama region (III) and in which Toronto-based Barrick Gold holds 75%. Kinross Gold’s Fruta del Norte (FDN) project in Ecuador was suspended in 2013 due to the inabiy to agree h the local government on certain key economic and legal terms, after more than two years of negotiations. The company sold the project to Vancouver-based Lundin Gold in 2014 for US$240mn. The company also has operating mines and projects in Russia, Ghana, Mauania and the US and reached record production of 2.71Moz of gold equivalent in 2014. Kinross Gold was founded in 1993 and is based in Toronto.

Caterpillar

Caterpillar Inc. is a US-based company that manufactures mining and construction equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company operates through three business lines: resource industries, construction industries, energy transportation and financial products. Its product line includes more than 300 machines, engines, power generators, OEM solutions, and used equipment. Caterpillar is active worldwide and has a regional presence in Brazil and Mexico.

Zamin

Zamin is an Anglo-Swiss mining company h iron ore assets in South America. Its landmark iron ore development project is the Valentines project in Uruguay, which has completed an 18Mt/y feasibiy study h 2.5Bt of JORC compliant resources and 3-5Bt total potential resources. The acquiion in 2013 of the Amapá mine system in northern Brazil added to Zamin’s production capabiy h 6Mt of iron ore produced in 2012. The project has further growth potential h 267Mt of JORC compliant resources and total potential resources of 1-1.4Bt. Other major iron ore projects include Greystone, Zamapa and Susa in Brazil, h potential resources of over 1.4Bt. Zamin has offices in São Paulo, Montevideo and Dubai, and representative offices in London and Zug, Szerland.

See all Oil Gas Companies

GasAtacama

GasAtacama is a Chilean gas transporter and energy generator that owns 781MW of gas-fired power generation on SING grid and more than 1,160km of gas pipelines. Its gas transportation infrastructure includes a pipeline stretching 941km from Coronel Cornejo in Argentina to Mejillones, one of Chile’s two LNG port ies; and a 226km pipeline that supplies gas from Mejillones to Endesa’s Taltal power plant.  The company is fully controled by power generator Endesa Chile, after acquiring in 2014 the 50% stake that private eqy fund Southern Cross owned in the firm. GasAtacama was founded in 1996 and is based in Las Condes, Chile.

TGN

Argentin

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