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DIRECT FOREIGN INVESTMENT
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The foreign investment figures shown by PROINVERSIÓN are based on registration statements by the companies/investors pursuant to Article 19 of Legislative Decree 662. This information has been complemented by information provided by CONASEV and Public Registry in order to obtain the most accurate data.
Those figures refer to different kind of capital contributions (it includes reductions and transfer of participation) regarding the established companies in the country, in other words, it refers to investments that have been carried out effectively. In contrast to the information spread by other sources, these figures do not include loans, merchandise valuation or any other assets not assigned to the local company equity. Legislative Decree Nº 662 requires the registration of foreign investment, but neither deadline nor punishment for failing registration is established therein.
Consequently, it must be noted that above figures may reflect some lagging behind in time.
According to the information declared to PROINVERSIÓN, as of June 30th, 2008, the stock of foreign direct investment totals US$ 16,867 billion.
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FDI BY COUNTRIES
Spain, the U.S and the UK are the main sources of investment for Peru making up 58.77% of investment stock, while the first 10 countries originate 88.69% of accrued investment.
It must be taken into consideration that many international businesses not necessarily channel their investments from their head offices, but trough sudsidiaries abroad ( i.e. Telefónica de España in Teleatento Del Perú S.A.C. was made through its subsidiary, Atento N.V., domiciled in Holland ). Part of the investment flows coming from the Netherlands, Panama and the United Kingdom, among other countries, reflect this situation. (Table 1).
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TABLE 1
FDI STOCK BY MAIN COUNTRIES
(US$MILLION)
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COUNTRY
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2008 (p)
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%
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SPAIN
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3,729.9
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22.11%
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UNITED KINGDOM
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3,419.6
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20.27%
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USA
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2,762.6
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16.38%
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HOLLAND
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1,404.4
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8.33%
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CHILE
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990.8
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5.87%
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PANAMA
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869.2
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5.15%
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COLOMBIA
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725.9
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4.30%
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MEXICO
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439.2
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2.60%
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BRAZIL
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341.9
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2.03%
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SWITZERLAND
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275.0
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1.63%
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CANADA
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274.6
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1.63%
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ITALY
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195.4
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1.16%
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BAHAMAS
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187.6
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1.11%
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URUGUAY
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177.6
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1.05%
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GERMANY
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159.4
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0.94%
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JAPAN
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158.4
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0.94%
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SINGAPOUR
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123.5
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0.73%
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OTHERS
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631.9
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3.75%
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TOTAL
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16,867.0
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100%
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(p) FDI stock as of June 2008
Source: ProInversion |
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Figures in Table 2 the countries are arranged by investment, the head offices domicile (Spain in the example of Teleatento Peru S.A.C). Therefore, Spain, the United States, South Africa, Chile and Switzerland are the origin of 66% of the registered contributions. Only Spain and the United States represents 41.61% of the accumulated total stock.
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TABLE 2
FDI STOCK BY DESTINATION SECTORS
(US$ MILLIONS)
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COUNTRY /2
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2008 (p)
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%
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SPAIN
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4,343.4
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25.75%
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USA
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2,674.9
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15.86%
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SOUTH AFRICA
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1,804.8
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10.70%
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CHILE
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1,450.6
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8.60%
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SWITZERLAND
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925.3
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5.49%
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MEXICO
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852.6
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5.05%
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CANADA
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715.5
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4.24%
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UNITED KINDOM
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613.2
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3.64%
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JAPAN
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413.9
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2.45%
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BRAZIL
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363.9
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2.16%
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CHINA
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261.7
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1.55%
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ITALY
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258.8
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1.53%
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COLOMBIA
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256.4
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1.52%
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HOLLAND
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241.6
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1.43%
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ARGENTINA
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233.6
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1.38%
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PANAMA
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210.9
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1.25%
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AUSTRALIA
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204.9
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1.21%
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OTHERS
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1,040.9
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6.17%
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TOTAL
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16,867.0
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100%
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Source. ProInversion
(p) FDI stocks as of June, 2008
2/ origin of investment by head office.
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FDI BY SECTOR
For 2007-2008 the sector with major increase of capital has been telecommunications, which investments in major measure, have been carried out in fixed telephony during the nineties and in mobile telephony in the current decade, as of June of this year totals 22.27 %. In second place we have the mining sector with 20.81 %, due to the metals prices increases for over 4 years approximately, has generated the development and exploration of new mining projects, as well as the consolidation of miners companies already established in Peru.
During the same period, the industry sector has the third place obtaining 16.23 %. Another sector that also is important to stand out is finance, due to the revenue of several banks has obtained 15.41 % for this period.
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TABLE 3
FDI STOCK BY MAIN COUNTRIES
(Millions US$)
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SECTOR
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2008(P)
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%
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AGRICULTURE
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44.4
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0.26%
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COMMERCE
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713.9
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4.23%
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COMMUNICATIONS
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3,756.4
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22.27%
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CONSTRUCTION
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159.7
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0.95%
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ENERGY
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1,674.5
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9.93%
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FINANCE
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2,598.6
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15.41%
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INDUSTRY
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2,736.9
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16.23%
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MINING
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3,510.4
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20.81%
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FISHING
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163.0
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0.97%
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OIL
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207.9
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1.23%
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SERVICES
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425.3
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2.52%
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SILVICULTURE
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1.2
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0.01%
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TRANSPORT
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285.5
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1.69%
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TOURISM
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63.5
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0.38%
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HOUSING
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525.8
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3.12%
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TOTAL
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16.867.0
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100%
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MAIN INVESTORS
The main investors that carry out any capital movements whether they are through contributions or shares acquisitions in the period 2007 – 2008 are the following
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INVESTORS
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COUNTRY
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CENCOSUD INTERNATIONAL LIMITED
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CHILE
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GOLD FIELDS CORONA BVL LIMITED
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UNITED KINDOM
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NEXTEL INTERNATIONAL (PERU) LLC.
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UNITED KINDOM
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PAN PACIFIC COPPER CORP.LTD.
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JAPAN
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DEUTSCHE BANK AG
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GERMANY
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RIO BLANCO COPPER LIMITED
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UNITED KINDOM
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CARMELA S.A.R.L
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LUXEMBURGO
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BANCO SANTANDER CENTRAL HISPANO S.A.
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SPAIN
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SOCIEDAD DE INVERSIONES INTERNACIONALES PARQUE ARAUCO S.A.
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CHILE
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GLOBAL CROSSING INTERNACIONAL NETWORKS LTD
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UNITED KINDOM
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