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August 30, 2013

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EXCLUSIVE Holland & Knight opens new regional office
Firm's second Latin American presence, with another office in Bogota

U.S. law firm Holland & Knight announced the opening of a new office in Mexico City this week. The new office will serve the Mexican market, and help the firm’s current clients with their legal needs in Mexico. “There’s a lot of opportunity in the Mexican market,” the office’s new head, Boris Otto, told Latin Business Chronicle in an exclusive interview.

KPN Foundation moves to block América Móvil takeover bid
Another obstacle for Carlos Slim who seeks to expand presence beyond Latin America

Mexican billionaire Carlos Slim's telecoms company América Móvil is prepared to drop a $9.5 billion bid to take over Dutch firm KPN. The move came after the Dutch company considered Carlos Slim's takeover to be hostile. The foundation said it used the option to acquire preferred shares, giving it almost 50 percent of issued and voting stock, almost enough to block América Movil’s offer for majority control, Bloomberg reports.

Biden to visit Panama and Mexico
Second trip to region in months

U.S. Vice President Joe Biden is preparing to travel next month to Panama and Mexico, part of an effort by the Obama administration to strengthen economic ties with Latin and Central America. In Panama, Biden will meet with President Ricardo Martinelli and tour the Panama Canal’s expansion project, a priority for the U.S. as well. In Mexico, he will hold high-level economic talks with President Enrique Peña Nieto, the White House said in a statement, The Washington Post reports.

Brazil's trade with Middle East surpasses $6.5 billion in first half
Saudi Arabia, the United Arab Emirates, Egypt, Oman and Algeria were the leading destinations 

Brazil's exports to the Middle East stood at over $6.5 billion for the first half of the year, according to figures released by the Brazilian Ministry of Foreign Trade. Meat, sugars, iron ores, slag and ash, cereals and miscellaneous grains, seeds and fruits were the top traded commodities. In terms of imports, Brazil brought in $5.6 billion worth of Arab goods in the same period, AMEinfo reports.

Italy's Eni and Venezuela's state oil company create joint venture
Both firms will exploit a gas field with reserves estimated at 170 million barrels

Italy's Eni has agreed with Venezeula to create a new joint venture with state oil company Petróleos de Venezuela, PDVSA, to develop the Perla super-giant gas field. The deal comes as Eni's chief executive officer Paolo Scaroni met with Venezuelan Minister of Petroleum Rafael Ramiíez in Caracas to discuss projects in the country, Rigzone reports.

MOREOVER

Peru's seafood exports drop nearly 50 percent Peru this Week

Bridas and YPF shale deal expires Reuters

Brazil's ethanol imports seen doubling Bloomberg

Chile's July copper output up 16 percent Reuters

Madalena seeks partner for Argentina shale block Platts 

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