Latin America

Article Abstract:

Brazil has raised $2.72 billion from its sale of 57.6% of Companhia Paulista de Forca e Luz in Nov 1997. The purchasers paid 70% more than the expected price. The sale of 55.36% in Enersul raised $564.5 million, 83.8% higher than expected. Chile has been given approval to semi-privatise its water industry by selling 55% of shares. Natural gas distribution concessions to Mexico City have been tendered, with a predicted investment of $900 million. The National Bank of Industry and Commerce of Guyana raised $20.3 million for 47.5% of its shares.

Mergers & Acquisitions, Mergers, acquisitions and divestments

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Region on a strategy of privatization

Article Abstract:

Privatization has been a leading force for change throughout Latin America during the 1990s. Many countries' privatization programs are nearly finished, but some major assets, notably in Brazil's electricity generation sector, remain unsold. The Brazilian Real's devaluation has raised questions concerning sales that are currently underway and could have spin-off effects in other countries in the region.

Government domestic functions, Other General Government Support, National Government Enterprises, Economic policy

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All eyes on Brazil to kick-start Latin America

Article Abstract:

Brazil's stabilization program is expected to be key in jump starting the privatisation of Latin American businesses. Peter West, chief economist at London-based investment bank BBV Securities believes that Latin America will undergo economic recovery in 1999, but warns that if the Brazilian economy collapses, it will be difficult to regain credibility.

Forecasts, trends, outlooks, Administration of General Economic Programs, Foreign Economic & Financial Assistance, Foreign economic assistance

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