Finance Colombia » 2015 » August

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6 Months After Licensure, Banco Multibank Achieves AA/F1+ By Fitch Ratings

After operating for over 20 years as Macrofinanciera S.A. Compañia de Financiamiento, and six months after receiving a Colombian banking license, Banco Multibank S.A. has been rated AA for long term risk by Fitch Ratings, and F1+ for short term risk. The ratings reflect the...

Posted On August 30, 2015

, By Loren Moss

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Medellin’s Éxito Purchases Grupo Pão de Açúcar in Brasil, Libertad in Argentina; Now Largest Retailer In South America

Last week, Medellin based Grupo Éxito has entered into a share purchase agreement with Casino regarding the acquisitions in cash of a 50% stake in the holding company of 99.9% the ordinary voting shares of Grupo Pão de Açúcar, representing 18,8% of the total capital, along with...

Posted On August 30, 2015

, By Loren Moss

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Ituango Hydroelectric Project Driving Rural Development In Western Antioquia

Six Antioqueño communities in the area of influence of EPM’s Ituango Hydroelectric project stand to benefit from commitments made by EPM’s CEO Juan Esteban Calle Restrepo, and Medellin’s mayor Anibal Gaviria Correa. The two principals laid out those commitments at a meeting held...

Posted On August 30, 2015

, By Loren Moss

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Ohio Based Murray Energy Buys Colombian Coal Mines From Goldman Sachs

Goldman Sachs has exited the coal mining business by selling its Colombian La Francia and El Hatillo Mines, 3 undeveloped mines, interest in a Colombian railroad, and 184 million tons of coal reserves to Murray Energy, based in St. Clairsville, a small town in Ohio’s Appalachian...

Posted On August 30, 2015

, By Loren Moss

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International Real Estate Convention “Gran Salon Inmobiliario 2015” Launches In Bogotá September 24-27

The 10th edition of Bogota’s principal real estate convention kicks off the 24th of September in the Corferias convention complex, in conjunction with La Lonja Propiedad Raíz de Bogotá (a Lonja is equivalent to a board of realty, or Realtor’s association). Over the four days of...

Posted On August 30, 2015

, By Loren Moss