Suramericana Purchases Insurers in El Salvador

Before the end of the year the company expects to close the purchase of Asesuisa y Asesuisa Vida and pension fund manager AFP Crecer.

Thursday, November 4, 2010


©image: Suramericana.com.co

This was informed by company CFO, Andrew Bernal, to Bnamericas.com.

"Suramericana will acquire AFP Crecer through its unit AFP Proteccion, the second largest manager of private pension funds in Colombia."

Asesuisa y Asesuisa Vida are leading companies in the insurance sector in El Salvador.

More on this topic

Grupo Calleja Pulls Out of Almacenes Europa Purchase

February 2012

The application for authorization for economic concentration by Grupo Calleja with the Superintendency of Competition in El Salvador has been withdrawn after negotiations were broken off.

A press release from the Superintendency of Competition in El Salvador states:

Lawyers representing Grupo Calleja who filed a request for authorization for economic concentration resulting from Calleja’s purchase of Europa S.A.

Walmex Concludes Purchase of Walmart Central America

February 2010

Walmart México (Walmex) concluded the purchase of Walmart Central America with a $110 million cash payment.

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Nicaragua: Legal Challenge to Commercial Poultry Farming Merger

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The challenge seeks to reverse authorization given for the US company Cargill to take over Pipasa.

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