Panamanian Industries ¿For Sale?

©image: PhotoXpress.com

Rafael E. Berry, in his analysis in Panama America, details how from 2000 to date some of the largest Panamanian industries were acquired by foreign groups, including the National Brewery ($ 260 million), Cervecería Baru Dairy Industries ($ 220 million), and others like the largest manufacturer of bottles and companies from the food sector.

These transactions exceeded $ 900 million and were opportunities for their owners, since the buyers were market competitors.

The article adds that "the perception that all major local industries are owned by foreigners is not real. There is still a considerable number of manufacturing companies owned by Panamanian families, as is the case of companies in poultry processing, sugar, coffee processing, soap and oil factories, among others."

Source: pa-digital.com.pa

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