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Spanish acquisition.


In Brazil, which accounts for most of the M&A activity in the region, the heavy footsteps of Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river.  boots are unmistakable. Spain surpassed the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  as the largest foreign investor in the South American country last year, accounting for more than a fifth of the US$33 billion in capital inflows. This figure is liable to grow as Brazil continues to sell electricity companies and opens its oil and gas sector. Repsol YPF Repsol YPF, S.A., (IBEX-35:REP) is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets are located in Spain and Argentina. The product of a 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A.  is already moving to secure its position. In a hotly hot·ly  
adv.
In an intense or fiery way: a hotly contested will.

Adv. 1. hotly - in a heated manner; "`To say I am behind the strike is so much nonsense,' declared Mr Harvey heatedly"; "the
 debated deal, the Spanish oil and gas giant is moving to swap $1 billion in assets with state-owned energy company Petrobras. Under the agreement, the companies would exchange $500 million in assets.
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Title Annotation:Petroleo Brasileiro S.A. and Repsol YPF swaps assets
Comment:Spanish acquisition.(Petroleo Brasileiro S.A. and Repsol YPF swaps assets)
Publication:Latin Trade
Article Type:Brief article
Geographic Code:3BRAZ
Date:Apr 1, 2006
Words:117
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