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MercoPress, en Español

Montevideo, October 13th 2026 - 05:42 UTC

Investments

  • Thursday, May 4th 2017 - 13:01 UTC

    EU and US agree to Maersk Line acquiring Germany's Hamburg Sud, expert in South America

    Maersk estimates that combined the two companies will be able to realize annual operational savings of US$ 350/400 million during the first two years

    Container shipping company Maersk Line will pay EUR 3.7 billion for its acquisition of smaller German rival Hamburg Sud, including all subsidiaries and associated shipping companies. The boards of Maersk Line and the Oetker Group, owner of Hamburg Sud, approved the proposed deal, which has been given the green light by the European Commission and the US Department of Justice.

  • Thursday, May 4th 2017 - 06:29 UTC

    Uruguay advances with investors in a project to build a third pulp mill

    “Some remaining items still need to be solved as we start the work on the contract language which will specify the mutual responsibilities”, pointed out Sarantola.

    “Good progress has been made in the discussions between the Government of Uruguay and UPM concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay. We are now in agreement regarding the majority of the key items on the negotiation agenda,” says Jaakko Sarantola, Senior Vice President, UPM, Uruguay Platform.

  • Thursday, May 4th 2017 - 06:23 UTC

    Argentina contracts 2D seismic survey in deep waters covering 435,000 sq km

    Spectrum said data is being acquired with a 12,000 m streamer with continuous recording to enable extended recording lengths and high fold data

    Norway's Spectrum has started a 35,000 km multi-client 2D seismic survey covering 435,000 km2 in the deep waters of Argentina in cooperation with YPF. The survey will provide industry with the first ever detailed seismic grid over this under-explored frontier area of Argentina, allowing for basin-wide studies of the area as well as prospect/lead level interpretation studies for upcoming license rounds.

  • Wednesday, May 3rd 2017 - 08:32 UTC

    American trust becomes largest single shareholder of FIH

    The investment vehicle Staunton Holdings Limited has got rid of all its shares in the Islands lynchpin Falkland Islands Holdings

    Conservative Party donor David Rowland has thrown in the towel in the Falkland Islands after losing a battle to take control of its key industries. The Rowland´s family investment vehicle, Staunton Holdings Limited has got rid of all its shares in the Falkland Islands Holdings (FIH) after shareholders rejected a takeover, reports the London financial media.

  • Sunday, April 30th 2017 - 21:55 UTC

    “Argentina offering investors the best opportunity in the past 25 years”

    “It’s hard to express how much value the changes made by Macri are bringing to the country,” said Eduardo Elsztain

    Argentina is offering investors the best opportunity in the past 25 years as President Mauricio Macri reforms the battered Latin American economy, according to real estate developer Eduardo Elsztain, said in an interview with Bloomberg.

  • Friday, April 28th 2017 - 11:01 UTC

    Falklands: Argentine investors project to build a Howard Johnson hotel in Stanley

    Alberto Albamonte first attempted the project, with Argentine investors back in 1999, but apparently the Argentine foreign ministry rejected it in 2000.

    An Argentine businessman and partner of the US based Howard Johnson, with 37 hotels under that name in Argentina, Uruguay and Paraguay, is attempting to refloat an old project to install a 40 rooms complex in the Falkland Islands, according to media reports in Buenos Aires.

  • Saturday, April 22nd 2017 - 09:15 UTC

    ExxonMobil betting heavily in developing Argentina's Vaca Muerta shale gas

    The U.S. major’s total investments in developing Vaca Muerta will have reached US$750 million by the end of this year, said Neuquén governor Gutierrez

    ExxonMobil is planning to speed up investment plans for shale gas drilling in Argentina’s prized Vaca Muerta formation in the Neuquen province. Exxon will start drilling Vaca Muerta in May, by drilling horizontal wells with laterals of 2,500-3,000 meters, Neuquen province governor Omar Gutierrez said this week.

  • Wednesday, April 19th 2017 - 05:49 UTC

    The disputed FIH Group plans to release this week a trading update

    FIH Group had been subject to a takeover battle with Staunton Holdings Ltd and Dolphin Fund Ltd having both vied to buy the London-listed company

    FIH Group PLC said on Tuesday it plans to release a trading update later this week which will outline its anticipated results for the recently ended financial year while also updating shareholders on the future strategy following failed takeover offers for the firm.

  • Wednesday, April 19th 2017 - 04:36 UTC

    Gibraltar's football upbeat: FIFA will finance an UEFA category 4 stadium

    GFA will pay £16.5m for the stadium and invest a further £15m in revamping the facility to accommodate 8,000 people and meet UEFA Category 4 standards.

    The Gibraltar Football Association is to buy the Victoria Stadium from the Gibraltar Government, in a move that paves the way for local football teams to play international games at home and, in parallel, will trigger a £16.5m investment in new sport infrastructure around the Rock, reports the Gibraltar Chronicle.

  • Friday, April 14th 2017 - 18:33 UTC

    Falklands: Dolphin Fund desists from taking over FIH Group, at this time

    FIH received a letter from FIG stating the company could lose the status that allows FIH to acquire land without a licence should the ownership of the business change.

    Dolphin Fund Ltd said late Thursday that it has decided not to make an offer for FIH Group PLC at this time, following a letter from the Falkland Islands Government warning FIH about its status should it undertake a change of ownership.