July 26, 2024
Within Our Network
Congratulations to Ashmore Colombia for raising USD 420 million to invest in climate and social infrastructure projects in Colombia, Peru, and Central America. This milestone highlights their dedication to sustainable development in the region.
LATAM Highlights
Brazil
Credit Saison to invest $100 million in Brazil (Reuters)
Colombia
Colombia's president advocates for health and labor reforms as new congressional session begins (AP News)
Argentina
Investor confidence in Milei's economic plan wanes (Financial Times)
Chile
Freeport McMoran to invest $7.5 billion to expand Chilean copper mine (Reuters)
Panama
First Quantum CEO predicts cobre Panama mine will stay closed through 2024 (Reuters)
Venezuela
Venezuela's new president to address gas production challenges (Reuters)
Mexico
Mexico’s Sheinbaum enlists López Obrador loyalists for cabinet (Financial Times)
Notable Transactions
Sao Paulo will privatize water utility Sabesp in a $2.7B jumbo stock offering.
Colombian driller EcoPetrol is in talks to acquire a 30% stake in Occidental Petroleum's recent CrownRock acquisition for $3.6B.
KKR is in talks to acquire a 25% stake in Eni's biofuel arm at a ~$13B valuation, including debt.
Brazilian utility Equatorial Energia is considering a $450M share sale to help finance its 15% stake purchase of water utility Sabesp.
Essential Read
The International Energy Agency reports that Brazil leads the G20 in clean energy, with the lowest fossil fuel share and a strong renewables sector. As 2024 G20 President and host of COP30, Brazil's green energy initiatives will be prominently featured.
Podcast Spotlight
In this Columbia Energy Exchange episode, experts analyze Russia's shift to China for natural gas, the Power of Siberia 2 pipeline, and its impact on global and European energy dynamics.
Stat of the Week
The chart highlights global emission reduction targets, showing progress since 2021 and the growing urgency for deeper cuts. The data from Net Zero Tracker and presented by Visual Capitalist underscores the uneven progress towards climate goals.
Our LinkedIn Updates and Posts
To learn more about Bill Gates on AI, Elon Musk, and achieving 2050 climate goals, click here.
Discover how Latin America could become a key player in the global financial system with changes in capital flows, read more here.
Meme of the Week
