China Development Bank Agrees to Loan Ecuador $2bn, Bolstering Bonds
Ecuador signed a $2bn loan with China Development Bank Corp, its second in less than a year, as the Asian nation seeks to secure energy and commodities supplies to meet demand in the world’s sencond-biggest economy…Finance Minister Rivera said the loan will be used to finance budgeted public works projects and will have a maturity of eight years…(read more)
China’s Haitong to launch $1.5bn fund for overseas M&A
Haitong Securities Co, China’s second biggest listed brokerage, plans to launch a 10bn yuan ($1.5bn) fund to aid overseas acquisitions by domestic companies…The plan to launch the private equity fund comes amid a growiong number of high-profile acquisitions by Chinese firms in recent years…(read more)
COFCO Acquires Chilean Winery for $18mn
State-owned COFCO Wine & Spirits has completed the purchase of Chilean winery Biscottes, its first overseas vineyard acquisition, after a year of talks…(read more)
Billionaire Cisneros to Team with Chinese Banks in Latin America Oil, Gold
Venezuelan billionaire Gustavo Cisneros is setting up joint ventures with Chinese banks to carry out investment in Latin American commodities industries…Deals may take place in countries including Brazil, Colombia, Mexico and Panama, Cisneros said…China Investment Corporation is targeting minings, real estate and infrastructure investments in the Americas, said Felix Chee, the fund’s representative…(read more)
Chery to Build $245mn Factory in S. America
Chery Automobile Co will break new ground in Latin America when its $245mn factory in Venezuela starts producing vehicles for the region later this year…Chery signed a cooperative agreement with China Development Bank and the Venezuelan government, which will be the second-largest that Chery has in Latin America…(read more)
Chinese Group XCMG to Invest in Brazilian State of Minas Gerais
Chinese group Xuzhou Construction Machinery (XCMG) plans to invest 334mn reals (aruond US$204mn) in construction of a factory to assemble heavy machinery in Pouso Alegre, in the Brazilian state of Minas Gerais. Construction of the factory is due to begin in July on a plot of land covering 806,000 sq metres and the factory will provide 1,000 direct jobs and 4,000 indirect jobs…(read more)
China Plans Colombian Rail Link to Challenge Panama Canal
China is envisaging a new link between the seas: a rail link through Colombia – a potential rival to the canal that would crown China’s economic push into Latin America. Beijing on Monday confirmed an announcement by the Colombian President, Juan Manuel Santos, that both governments are considering a rail connection from…(read more) |
