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According to Ayenda’s website, the hotel franchisor currently operates in Colombia, Peru and México with almost 300 properties.

Viva uses its charitable arm, the Viva Foundation led by Monica Gil and Tatiana Vásquez to translate the airline’s operational acumen into direct action for social good.

This transaction values Colombia-based Procaps at approximately $1.1 billion with approximately $160 million in gross cash proceeds.

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the...