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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.
Source: bnamericas.com
More on this topic
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for economic concentration by Grupo Calleja with the Superintendency of Competition in El Salvador has been withdrawn after negotiations were broken off.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.
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.
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.
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."