The acquisition is in line with Harsco's expansion strategy in South America and the Caribbean.
"ESCO will be merged into Harsco Latin America", reports Sergio Morales for elfinancierocr.com. Tomás Dueñas, president and owner of Esco assured that "current infrastructure and staff will be maintained".
Source: elfinancierocr.com
More on this topic
August 2011
Edgar Mendoza analyses the legal foundations for mergers and their affects on taxation in his article on La Presna Libre’s website.
"The Guatemalan Commercial Code contained in Congress’s Decree No. 2-70, as amended, contains no definition of a merger, and is limited to establishing the legal processes required to perform this procedure.
February 2010
Walmart México (Walmex) concluded the purchase of Walmart Central America with a $110 million cash payment.
Walmex also issued 603.9 million shares, which were traded to the former owners of Walmart Central America, who now become Walmex shareholders.
“With the merger, holding company Walmart Stores now owns 68.4% of the shares of its Mexican subsidiary and the rest is owned by minority shareholders”, reported Epa.
January 2011
Grand Bay International acquired equity of Panamanian company Papelera Istmeña SA.
Without providing details of the negotiation, Javier Miró, manager of Papelera Istmeña SA (Papisa), said the alliance will meet company growth locally and regionally.
Prensa.com reports, "Part of the strategy is that Papisa will cover the Northern Central American market, while the operation in Guatemala is responsible for the southern part of the region."
April 2011
The challenge seeks to reverse authorization given for the US company Cargill to take over Pipasa.
Nicaragua's institute for protecting consumer rights presented the challenge, arguing that if the merger goes ahead, the resulting company will control 61% of the Nicaraguan poultry market, enabling it to undercut its competitors and force them out of the market, after which nothing would stop it from increasing prices at will.
español
1895
