Uniban
The Colombian plantain and banana
exporter formed a joint venture with Fyffes, a fresh produce company from
Europe, to serve the US
market. Fyffes will buy 50% of Turbana, Uniban’s US marketing subsidiary, for
USD6M.
CEMEX
The Mexican cement company intends
to raise USD1.3B in an equity offering in the US and Mexican markets.
Grupo Cementos Chihuahua
Marking the Mexican cement company’s
first investment in South America, Grupo Cementos Chihuahua paid USD58.2M for 46.6% of
Sociedad Boliviana de Cemento. Sociedad
Boliviana de Cemento is the largest cement company of Bolivia.
VIACK
To increase its sales in Mexico, this internet
security company signed a distribution agreement with the Mexican technology
company ConsferenciasWeb.
Placer Dome
Encouraged by the rally on prices
of gold, this Canadian mining company is developing a new mine in Dominican Republic.
The new mine will require an investment of USD1B. Part of this project is the
construction of a power plant to service the operations. They hope to produce
12 million ounces of gold over 20 years.
Expensive high class beer
American taste is going high scale.
Consumption of wine has grown a whooping 63% since 1991, taking market share
away from beer. As a reaction to this trend, beer makers are releasing craft beers,
produced in small quantities and sold at prices ranging from USD10 to USD100
per bottle. This is a great opportunity for small Latin American breweries.
There are hundreds of producers in Latin America
with high quality products, but with no way to compete for the mainstream
market.
Gold
Given the well deserved rally of
international gold prices, which outperformed the Dow in 2005 by 19%, there is
renewed attention to gold. Traditionally, it has been very hard for small
investors to take advantage of possibilities in gold. Investing in actual gold
involves costly insurance and storage, and investing in mining companies stock
is very risky due to the traditional volatility of such stocks. James Turk, a
former banker with Chase, is trying to change this. He established
Goldmoney.com, an internet portal that allows retail investors to buy
“goldgrams”. The actual gold is stored in a vault in London and insured with Lloyd’s. The accounts
are linked to the US
automated clearing house, so funds can easily be wired in and out of the
accounts. Another typical problem is a lack of reliable information on gold,
which is tackled by the independent site goldinstitute.net.
The site offers independent advice
and information on the precious metals market, and it follows some portfolios.
Director Paul Airasian, an expert in the field for over 20 years, is about to
make a push to gain exposure inLatin America.