“This strike, which lasted 45 days, has been very costly for everyone,” said Colombia President Juan Manuel Santos in announcing the deal reached with the truckers.
Ryanair investment arm Irelandia Aviation has increased its ownership of VivaColombia from 25% to 75% to take the majority stake in Colombia’s only discount airline. In announcing the move, it highlighted Colombia’s potential for growth and said it plans to continue...
The Mumbai-based Essel Propack says that its new facility will double its capacity in Colombia while allowing it to manufacture another 180 million packaging tubes per year.
Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."