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March 7, 2008 |
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AES CORP: Defaults on Debt Facilities due to Misrepresentation The AES Corporation is in default under its senior secured credit facility and its senior unsecured credit facility due to a breach of representation related to its financial statements as set forth in the credit agreements... Read More |
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BANCO BRADESCO: BBVA Sells 5% Stake for EUR976 Million Banco Bilbao Vizcaya Argentaria, S.A., aka BBVA has decided to exercise the option to sell its 5.01% holding of ordinary stocks in Banco Bradesco SA, for EUR976 million, which will represent a capital gain of around EUR740 million for the group, at the... Read More |
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BANCO INDUSTRIAL: Takes Over Banquetzal Banco Industrial SA's International Banking Director Luis Prado told Business News Americas that the bank absorbed Banquetzal last month... Read More |
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BANCO NACIONAL: Board Grants BRL354.7 Million Loan to Coelce Banco Nacional de Desenvolvimento Economico e Social's board of directors has approved a BRL354.7 million financing to Companhia Energetica do Ceara [Energy Company of Ceara] - Coelce. The resources will be destined to the triennial investments plan... Read More |
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DIRECTV GROUP: Amends Distribution Pact With Crown Media Crown Media Holdings, Inc., owner and operator of Hallmark Channel and Hallmark Movie Channel, has renewed its distribution agreement for Hallmark Channel with DIRECTV, Inc., for a multi- year term. DIRECTV currently distributes Hallmark Channel to nearly... Read More |
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GERDAU SA: Has Most Expertise in Acquisitions, Analyst Says Gerdau SA has the most expertise when it comes to acquisitions among local steel makers, Business News Americas reports, citing Brokerage Socopa Corretora's analysis department head Daniel Lemos... Read More |
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NATIONAL COMMERCIAL: AIC Barbados Sells 13.6MM Shares in Firm AIC Barbados Limited has sold 13.6 million shares in the National Commercial Bank, The Jamaica Gleaner reports... Read More |
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PETROLEOS DE VENEZUELA: Foreign Clients Must Pay Through Bank Petroleos de Venezuela SA has instructed foreign clients to pay their purchases by making deposits in Banco Central de Venezuela's account in Switzerland's UBS bank, El Universal reports... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
