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  • Colombia
    In early December, Ferrovias, the government agency in charge of the Colombian railway network, published the rules for railway concessions for the next 30 years. Concessions will be awarded for the modernization, maintenance, operation and exploitation of the railways.
    January 01 1997
  • Easdaq market opens for business
    Michael Olislaegers and Axel Haelterman of Loeff Claeys Verbeke, Antwerp and Brussels, provide a detailed overview of the structure and functioning of Europe’s new screen-based securities market for growth companies
    January 01 1997
  • CalEnergy bids for Northern Electricity
    US power producer CalEnergy has made a hostile bid of £659 million (US$990 million) for UK regional electricity company Northern Electric.
    January 01 1997
  • Hershey buys US interests of Huhtamaki
    US chocolate company Hershey has agreed to buy the North American confectionery business of Leaf Inc, the US subsidiary of Finland's Huhtamaki. The price is US$440 million plus annual licensing fees. Hershey has also agreed to sell Huhtamaki its two European operations, Germany's Gubor and Italy's Sperlari, for US$110 million.
    January 01 1997
  • Termovalle power project in Colombia
    The US$150 million financing has been agreed for Termovalle I, a 200Mw gas-fired power project located near Cali, Colombia. The project was developed by a consortium consisting of KMR Power Corporation of the US and Marubeni Corporation of Japan.
    January 01 1997
  • Book review
    Transnational Tort Litigation
    January 01 1997
  • South African Breweries ADS offering
    South Africa's largest industrial company and one of the world's top five brewers, South African Breweries, made a US$362 million offering of ADSs into the US and internationally. The offering was conducted under Rule 144A and Regulation S. The lead managers were Robert Fleming and Cazenove & Co.
    January 01 1997
  • P&O/Royal Nedlloyd shipping merger
    P&O, the UK shipping firm, is set to merge its ocean container business with that of Dutch counterpart Royal Nedlloyd. The merged entity, P&O Nedlloyd Container Line, requires EU regulatory clearance and will have assets of US$1.5 billion.
    January 01 1997
  • Foreign influence pushes German lawyers into new mergers
    The new presence of foreign law firms aggressively staking out territory in Germany is putting pressure on local firms. A second wave of mergers seems to be beginning. Samantha Wigham reports
    January 01 1997
  • Starting from scratch
    Elizabeth Wall, group director of legal services at Cable & Wireless, London, talks to Diana Bentley
    January 01 1997
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