Showing posts with label energy sector. Show all posts
Showing posts with label energy sector. Show all posts

Monday, May 05, 2008

Update on Transredes

LA BBV comunica que en fecha 02 de mayo de 2008, Valores Unión S.A. solicitó el registro de la transferencia de 1971,137 acciones de LAIF XIV Ltda. a favor de Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).

En este sentido informa su nueva composición accionaria:


Wednesday, April 30, 2008

Changes in Transredes ownership, the saga continues

Two market operations were registered today relating to the national energy transport company Transredes, CPI [Group] Limited registered a number of shares bought from Fondelec Pie de Monte. AEI Transportadora Holdings Spain S.L. (Ashmore Energy) registered 5,804 shares bought from minority stockholders.

The BBV communications office released the following information on Transredes shareholder composition:

Looks like the fight for control of the company will become ever more expensive for YPFB.

The skinny on Transredes financials, relevant events, etc can be found here. [SP]

Saturday, April 26, 2008

Bolivian business briefs #1

And now a list of the business news making the rounds on the Bolivian dailies:

The government’s takeover bid on Transredes.- The GOB has finalized an offer or $40 per share held by minority shareholders of the natural gas and oil transport company. YPFB already holds a position on Transredes and is attempting to reach a majority stake in the company; Ashmore Energy International has made a counter-bid of $50 per share. Other international holding companies are involved, and developments are expected in the following days. [SP].

COMTECO’s successful bid on Elfec.- The Cochabamba-based telecom cooperative has successfully acquired a 52 percent stake on the regional electricity provider Elfec. The deal closed for $US 17 million in cash, tax and debt payments assumed by COMTECO. Previous bids were made on the national telecom company ENTEL, and a local cellular phone service provider VIVA. Previously COMTECO also attempted to launch its own cellular phone service but was met with opposition from regulatory authorities. The daily Opinión has an excellent interview with Fernando Gamboa, an executive of the acquiring company. [SP]

CBN under close watch on unfair competition charges.- The national brewery company has faced unfair competition charges (on purported “forced” exclusivity contracts) as of late, and the case is under scrutiny by regulatory agencies. [SP]

Lloyd Aéreo Boliviano receives additional aircraft.- The national carrier LAB is in the process of incorporating one Boeing 727-200 aircraft in a bid to restart its services in the following weeks. The leasing company is unknown at this time although it’s known that the aircraft belonged to the recently closed Champion Air US carrier. With the addition of this plane (which arrived to CBA on 04/23/08) LAB has two aircraft readily available for charter operations. [SP]

FEICOBOL opens its doors again.- The XXV version of Cochabamba’s international business fair -Feicobol- will open its doors between the 24th of April and the 4th of May, close to 750 companies will be present. [SP]