Mergers & Acquisitions
in Central America
Monday, February 6, 2012
Expansion plans by Gas Z and Tropigás include increasing the number of franchises that offer direct replacement of gas in residential homes.
After the merger, Gas and Tropigás Z, are thinking about expanding a franchise system to provide better service to customers in residential areas over a period of 5 years.
Friday, January 27, 2012
The Superintendence for Competition in El Salvador requires proof that the economic concentration will bring significant gains in efficiency, with direct benefits for consumers.
A press release from the Superintendency of Competition (SC) reads:
Friday, January 27, 2012
Along with two other private sector competitors, the state run Costa Rican Institute of Electricity intends to buy Cable Vision.
The state-owned Instituto Costarricense de Electricidad (ICE) aims to break into the business of cable television and is bidding for the company Cablevision.
Tuesday, January 24, 2012
The Banco Davivienda, part of the Bolivar Group, has acquired the operations of HSBC in Costa Rica, El Salvador and Honduras.
HSBC Holdings announced on Tuesday the sale of its operations in Costa Rica, El Salvador and Honduras, for $801 million.
Wednesday, January 11, 2012
The textile company, a subsidiary of International Textile Group, which invested $100 million in its plant in Nicaragua, now has three interested parties; meanwhile there are still plans to reopen its operations.
The U.S. textile company Core Denim, belonging to the International Textile Group (ITG), could resume operations in Nicaragua which were suspended in March 2009, informed the government, although there is still a chance that the company will be sold, which would imply a reassessment of these plans.
Wednesday, January 11, 2012
Representatives from YooChang Construction announced an agreement to purchase 82% of the shares of the Railroad Development Corporation (RDC), owner of Ferrovías.
The announcement was made by the president of YooChang Construction on a visit to Guatemala, who next week will be holding a meeting with directors of the RDC for the purpose of defining the first payment agreement.
Tuesday, January 10, 2012
The Salvadoran Superintendence of Competition has received a request by Calleja SA, owner of Súper Selectos, to buy Almacenes Europa.
The request, which will be reviewed by the Board of the Superintendency of Competition (SC), was presented on January 2nd and is for the purchase of the five of sales outlets belonging to Europa SA, owner of Almacenes Europa and Hiper Europa.
Tuesday, January 10, 2012
Inmet Mining Corp. has announced the sale of 20% of its copper mining project in Panama for $155 million.
The buyer is Korea Panama Mining Corporation (KPMC), a holding company owned by the South Korean KS-Nikko Copper and the state run South Korean company Korean Resources Corporation.
Wednesday, January 4, 2012
The company plans to open 80 new service stations in an attempt to consolidate themselves as the second largest in the Guatemalan market.
During the course of this year, share purchases will be completed with ExxonMobil in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Wednesday, December 21, 2011
Florida Ice & Farm, without disclosing the amount of the investment, has announced the purchase of the Musmanni Corporation, which owns the bakery of the same name in Costa Rica.
With the acquisition, Fifco acquires control of 30 branches operating in the country. There are 150 other stores operating under a franchise.
Friday, December 16, 2011
With an investment of $8 million the Swedish company Securitas has acquired the private security firm CSS.
The transnational company, with operations in forty-nine countries, plans to expand from Costa Rica to the Central American market.
Thursday, December 15, 2011
Through its subsidiary Excel Automotriz, the Salvadoran company has bought the Panamanian Financiera Automotriz SA (FASA), for an estimated U.S. $100 million.
The acquisition of FASA, which owns Panamotor, Bavarian Motors, Hertz, Infiniti, MINI and Lifan, will be completed in two months after the relevant corporate approvals.
Monday, December 5, 2011
The company, part of the Terra Group, has completed the acquisition of Rubis Nicaragua.
After several months of negotiations, the fuel company Unopetrol has completed the buying process of Rubis Nicaragua, positioning itself as a leader in the oil market in Central America.
Thursday, December 1, 2011
The Mexican telephony giant announced it has completed the acquisition of phone company Digicel in Honduras.
A press release from American Mobile reads:
America Movil, announced today (November 30, 2011) that as part of the agreement with Digicel Group Limited and its affiliates ("Digicel") during the first quarter of 2011, has acquired on this date 100% of Digicel’s operations in Honduras and sold to Digicel its operations in Jamaica.
Friday, November 18, 2011
The transnational has completed its purchase of Chevron gas stations, which operate under the Texaco brand name.
The transaction is worth over $30 million, said Cairo Amador, Executive Director at the National Institute for the Promotion of Competition, Procompetencia.
español
1098