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<item><link>http://www.alacrastore.com/storecontent/ccbn/T2342808</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2342808</ccbn:docid><guid isPermaLink="false">ccbn/T2342808</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>27 Aug 2009 05:05:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2342808</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of MASISA.SN earnings conference call or presentation, 27-Aug-09 10:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Masisa S.A.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Masisa S.A. Q2 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">MASISA.SN</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:00am ET</ccbn:time><title>Masisa S.A. Q2 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Operator Good day, ladies and gentlemen, and welcome to the Second Quarter #### Masisa S.A. Earnings Conference Call. My name is Marisa, and I'll be the coordinator for today. At this time all participants are in listen-only mode. We will be facilitating a question and answer session towards the end of this conference. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes. I would now like to turn this presentation over to your host for today's call, Mr. Eugenio Arteaga, Masisa's CFO. You may proceed, sir. Eugenio Arteaga - Masisa S.A. - CFO Good morning. Welcome, everyone, to Masisa's second quarter earnings call. This time we have structured our call in five sections. First, we'll go over important events of the second quarter. Second, we are going to discuss briefly market evolution in main markets where we operate and the trends that we are observing in those markets. Third, a brief overview of our strategy and the progress we've made in the different...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>Republic of Venezuela acquires MATESI from Rocca &amp; Partners SA (pending)</title><description>VENEZUELA ? The Republic of Venezuela (Venezuela) planned to acquire Materiales Siderurgicos SA {MATESI}, a Puerto Ordaz-based manufacturer iron and steel products and a joint venture unit of Tenaris SA and Siderurgica del Orinoco {SIDOR}. Concurrently, Venezuela planned to acquire Ceramica Carabobo SACA, Orinoco Iron SCS, Complejo Siderurgico de Guayana CA {COMSIGUA}, Venezolana de Prerreducidos Caroni CA {VENPRECAR} and Tubos de Acero de Venezuela SA {TAVSA}.</description><pubDate>23 May 2009 10:27:08 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">922646</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">57699W</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">922646</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">77115P</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Republic of Venezuela</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Materiales Siderurgicos SA {MATESI}</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Republic of Venezuela</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Rocca &amp; Partners SA</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Republic_of_Venezuela_acquires_MATESI_from_Rocca_Partners_SA-2075752040</link><guid isPermaLink="false">sdc/2075752040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2075752040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Public Administration</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Venezuela</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>National government</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>999A</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Government</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>999A:National government</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>999A:National government</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Metal and Metal Products</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Venezuela</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Steel works, blast furnaces, and rolling mills</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>3312</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Joint Venture</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>100969001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Government</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Invest hldg co</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Unspecified</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>874579001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>May 23 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value>1.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value>Government</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Government</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Government</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Materiales Siderurgicos SA</sdc:value><sdc:value sdc:p="1">{MATESI}, located in Puerto</sdc:value><sdc:value sdc:p="2">Ordaz, Venezuela, manufactures</sdc:value><sdc:value sdc:p="3">iron products. Its main</sdc:value><sdc:value sdc:p="4">product is the hot briquetted</sdc:value><sdc:value sdc:p="5">iron.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Materiales Siderurgicos SA {MATESI}, located in Puerto</sdc:value><sdc:value sdc:p="1">Ordaz, Venezuela, manufactures iron products. Its main</sdc:value><sdc:value sdc:p="2">product is the hot briquetted iron.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Materiales Siderurgicos SA {MATESI}, located in Puerto Ordaz, Venezuela, manufactures iron products. Its main product is the hot briquetted iron.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>22 May 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Fri, 22 May 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 05/22/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of Assets</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>0</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>0.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>0</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>0.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>0.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>0</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>0.00000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>0.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>0.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">VENEZUELA ? The Republic of</sdc:value><sdc:value sdc:p="1">Venezuela (Venezuela) planned</sdc:value><sdc:value sdc:p="2">to acquire Materiales</sdc:value><sdc:value sdc:p="3">Siderurgicos SA {MATESI}, a</sdc:value><sdc:value sdc:p="4">Puerto Ordaz-based</sdc:value><sdc:value sdc:p="5">manufacturer iron and steel</sdc:value><sdc:value sdc:p="6">products and a joint venture</sdc:value><sdc:value sdc:p="7">unit of Tenaris SA and</sdc:value><sdc:value sdc:p="8">Siderurgica del Orinoco</sdc:value><sdc:value sdc:p="9">{SIDOR}. Concurrently,</sdc:value><sdc:value sdc:p="10">Venezuela planned to acquire</sdc:value><sdc:value sdc:p="11">Ceramica Carabobo SACA,</sdc:value><sdc:value sdc:p="12">Orinoco Iron SCS, Complejo</sdc:value><sdc:value sdc:p="13">Siderurgico de Guayana CA</sdc:value><sdc:value sdc:p="14">{COMSIGUA}, Venezolana de</sdc:value><sdc:value sdc:p="15">Prerreducidos Caroni CA</sdc:value><sdc:value sdc:p="16">{VENPRECAR} and Tubos de</sdc:value><sdc:value sdc:p="17">Acero de Venezuela SA {TAVSA}.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>VENEZUELA ? The Republic of Venezuela (Venezuela) planned to acquire Materiales Siderurgicos SA {MATESI}, a Puerto Ordaz-based manufacturer iron and steel products and a joint venture unit of Tenaris SA and Siderurgica del Orinoco {SIDOR}. Concurrently, Venezuela planned to acquire Ceramica Carabobo SACA, Orinoco Iron SCS, Complejo Siderurgico de Guayana CA {COMSIGUA}, Venezolana de Prerreducidos Caroni CA {VENPRECAR} and Tubos de Acero de Venezuela SA {TAVSA}.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">VENEZUELA ? The Republic of Venezuela (Venezuela) planned to acquire Materiales</sdc:value><sdc:value sdc:p="1">Siderurgicos SA {MATESI}, a Puerto Ordaz-based manufacturer iron and steel products and a</sdc:value><sdc:value sdc:p="2">joint venture unit of Tenaris SA and Siderurgica del Orinoco {SIDOR}. Concurrently,</sdc:value><sdc:value sdc:p="3">Venezuela planned to acquire Ceramica Carabobo SACA, Orinoco Iron SCS, Complejo</sdc:value><sdc:value sdc:p="4">Siderurgico de Guayana CA {COMSIGUA}, Venezolana de Prerreducidos Caroni CA {VENPRECAR}</sdc:value><sdc:value sdc:p="5">and Tubos de Acero de Venezuela SA {TAVSA}.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">VENEZUELA ? The Republic of Venezuela (Venezuela) planned to acquire Materiales Siderurgicos SA {MATESI}, a Puerto Ordaz-based manufacturer iron and steel products and a joint venture unit of Tenaris</sdc:value><sdc:value sdc:p="1">SA and Siderurgica del Orinoco {SIDOR}. Concurrently, Venezuela planned to acquire Ceramica Carabobo SACA, Orinoco Iron SCS, Complejo Siderurgico de Guayana CA {COMSIGUA}, Venezolana de Prerreducidos</sdc:value><sdc:value sdc:p="2">Caroni CA {VENPRECAR} and Tubos de Acero de Venezuela SA {TAVSA}.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">VENEZUELA ? The Republic of Venezuela (Venezuela) planned to acquire Materiales Siderurgicos SA {MATESI}, a Puerto Ordaz-based</sdc:value><sdc:value sdc:p="1">manufacturer iron and steel products and a joint venture unit of Tenaris SA and Siderurgica del Orinoco {SIDOR}. Concurrently, Venezuela</sdc:value><sdc:value sdc:p="2">planned to acquire Ceramica Carabobo SACA, Orinoco Iron SCS, Complejo Siderurgico de Guayana CA {COMSIGUA}, Venezolana de Prerreducidos</sdc:value><sdc:value sdc:p="3">Caroni CA {VENPRECAR} and Tubos de Acero de Venezuela SA {TAVSA}.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">3312:Steel works, blast furnaces, and rolling mills</sdc:value><sdc:value sdc:p="1">3321:Gray and ductile iron foundries</sdc:value><sdc:value sdc:p="2">3322:Malleable iron foundries</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>100969001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Venezuela</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>999A</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Government</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6719:Offices of holding companies, nec</sdc:value><sdc:value sdc:p="1">6799:Investors, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>60624001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>British Virgin</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>6799</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/437574_report_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">437574_report_frame</fitch:docid><guid isPermaLink="false">fitch/437574_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Masisa S.A.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091530</fitch:companyid><pubDate>08 May 2009 06:28:00 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031200</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">425</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Full Rating Report</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MASISA</fitch:ticker><title>Masisa S.A.</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/470786_pr_frame</link><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">470786_pr_frame</fitch:docid><guid isPermaLink="false">fitch/470786_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Masisa S.A.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091530</fitch:companyid><pubDate>29 Apr 2009 06:33:13 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031200</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MASISA</fitch:ticker><title>Fitch Downgrades Masisa's (Chile) IDR to 'BB+'</title><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/418552_report_frame</link><guid isPermaLink="false">fitch/418552_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Masisa S.A.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80091530</fitch:companyid><pubDate>15 Dec 2008 02:18:00 EST</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031200</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">55</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">New Issue</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MASISA</fitch:ticker><title>Masisa S.A.</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">418552_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item></channel></rss>