Brazil looks to speed up privatizations
The government was expecting to raise around US$20bn from privatizations, but that amount is likely to rise 50%, according to an official.
The government was expecting to raise around US$20bn from privatizations, but that amount is likely to rise 50%, according to an official.
Peru's largest construction firm Graña y Montero is trying to shake off its legal and financial problems by raising much-needed funds from a private placement.
The country's constituional court could declare that a provision of the regulation that sets compensation for contracts that are terminated early is unenforceable.
The process will pave the way for investments of US$2.5bn over the next decade, according to the mines and energy ministry.
The forecast was reduced due to lost momentum in Argentina's ambitious plans for public-private partnerships.
Talks on the privatization of Brazil's largest water utility will only be held after the approval of a bill being discussed in congress to change the framework of water and sanitation companies, said state finance secretary Henrique Meirelles.
Concessionaires did not invest as promised, because of economic crisis and lower-than-expected traffic.
The audit court's pre-approval of the rail concession in São Paulo state makes a US$1.8bn investment more likely.
Argentine holding Corporación América Airports will continue to operate Uruguay's second largest airport until 2033 in exchange a US$35mn investment.
Only one of the original bidders didn't pass the technical evaluation.