Mergers & Acquisitions
in Central America
Thursday, May 17, 2012
An intricate relationship between the companies who own the raises questions about its purchase by the National Company of Motorways of Panama.
The newspaper La Prensa had access to a note addressed to the Ministry of Economy and Finance, in which Messrs.
Monday, May 14, 2012
The Costa Rican dairy giant has merged with the cooperative Coopecoronado.
Both companies have been in a partnership since 1999, through which Coopecoronado became associated Dos Pinos.
From May 1st, almost all of Coopecoronado’s 300 employees joined Dos Pinos, explained Luis Esteban Brenes, commercial director of the latter company.
Tuesday, May 8, 2012
The North American HBFuller has agreed to sell its paint division to Pintuco, a subsidiary of the Colombian company, for $120 million.
Grupo Kativo, which until recently was owned by HB Fuller, is a leader in the Central American paint market.
Monday, April 30, 2012
The Competition Superintendence in El Salvador has approved a merger between AMNET and Telefónica Multiservicios having determined that it will not generate a significant limitation of current competitive conditions.
From a press release from the Superintendence of Competition:
The Competition Superintendence of El Salvador has approved the economic concentration between AMNET and Telefónica Multiservicios after determining that it will not generate a significant limitation to current competitive conditions.
Thursday, April 26, 2012
Globeleq Generation Limited (Globeleq), an energy company, announced the acquisition of a 100% stake in the project Eolo de Nicaragua S.A. which aims to generate 44 MW.
Eolo is in the province of Rivas on the shore of Lake Nicaragua, about 125 kilometers south of the capital, Managua. The electricity will be produced using 22 wind turbines of 2.0MW each, and will be sold through two trade agreements for the purchase of energy within 20 years to the private companies Distribuidora Eléctricidad de Sur S.A. (DISSUR) y Distribuidora Eléctricidad de Norte S.A. (DISNORTE), both subsidiaries of Gas Natural from Spain.
Thursday, April 26, 2012
European investors are to acquire the Cone Denim Plant in Nicaragua, which has been closed for 3 years and could reopen in late 2012.
"It is a fact that this year the Cone Denim plant will be reopened. We're just waiting for the (purchase) negotiations to be completed," confirmed Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel Companies (Anitec), according to Laprensa.com.ni.
Tuesday, April 24, 2012
Two Israeli companies could be interested in doing business with or buying a significant percentage of the shares of the Honduran Telecommunications Company.
The two companies have recently had a meeting with government officials about a possible acquisition or partnership with Hondutel, press reports revealed.
Monday, April 23, 2012
Claro has submitted a new request to the Superintendency of Competition (SC) in El Salvador for authorization to buy Digicel.
The SC has received a new request for authorization of economic concentration on the part of America Movil, owner of the Claro brand, to purchase all the shares belonging to Digicel.
According to a review by the SC, the information and documentation submitted does not comply with some of the requirements of Article 35 of the Competition Act and 25 of its regulations and is not sufficient for analysis of admissibility, for which it has granted a period of thirty days for the applicant to remedy the situation.
Thursday, April 19, 2012
The Swiss oil company has completed the takeover of the assets of Exxon Mobil in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
The Exxon Mobil assets to be transferred to Puma Energy include 300 service stations, two refineries, the addition of three terminals, two airports and a marine bunker fuel supply which supplies 20% of the regional market, all of which involves managing a 20 million barrels of oil per year.
Tuesday, April 10, 2012
The Canadian mining company buys 40% of shares from joint venture partner Radius Inc. for $20,08 million, and takes total control of Trebol and El Pavon gold mining sites in Nicaragua.
B2Gold Corp. and Radius Gold Inc. announced on April 9 the signing of a binding letter agreement pursuant to which B2Gold has agreed, among other things, to acquire a 100% interest in the Trebol and El Pavon gold properties in Nicaragua in consideration of C$20 million, payable in common shares of B2Gold at a price per share equal to the volume weighted average price of B2Gold’s common shares on the Toronto Stock Exchange (“TSX”) for the ten trading days immediately preceding the date of the letter agreement.
Wednesday, April 4, 2012
The Cabinet Council of Panama has authorized the acquisition of the Northern Corridor Highway from the Mexican company Pycsa, for a total of $650 million.
A statement from the Presidency of Panama reads:
Cabinet authorizes ENA to sign purchase agreement for Northern Highway
The Cabinet Council has approved the National Highway Company, SA (ENA) to sign the contract, trust, and bond and perform all acts necessary to acquire the North Corridor totaling $650 million.
Tuesday, April 3, 2012
After selling to Mapfre a 65% stake in its insurance business in Panama in 2009, Grupo Mundial is now using its option to sell the remaining 35%.
On 29th March a meeting of shareholders approved the sale, estimated $85 million.
Monday, April 2, 2012
Since 2006 the company has been buying companies that make juices, beers, nectars and milk, firming up its plans to become a total beverage company.
Gisela Sanchez, director of corporate affairs for Florida Ice & Farm (Fifco), defines the company’s main objective: "Florida wants to become a total beverage company."
Thursday, March 29, 2012
The company justified its decision on its need to focus on its core business, cement production.
Information on the sale of Productos de Concreto was issued in a statement released by Holcim Costa Rica, although the company did not disclose the name of the firm that will acquire PC, which sells finished products.
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