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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...

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...

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...

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...

Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector. This has resulted in decreased tax revenues for municipal and state...

Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has completed the second tranche of its previously announced private placement in the amount of approximately $5,650,000 for total gross proceeds of approximately $19,350,000, consisting of 71,677,550 common...

Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) has announced that Mateo Restrepo Villegas will serve as Executive Vice-President, effective August 12, 2015, and will be located in the company’s Medellín office. Restrepo brings experience in mining, infrastructure, banking and...

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) announced today that it is changing its corporate name to Pacific Exploration and Production Corporation. The name change comes after an acquisition by Alfa S.A.B. and Harbour Energy, Ltd. failed, and the company continues to...

Indian motorcycle company Royal Enfield wants to expand globally, and it is targeting Colombia as a key market. “Currently we are an Indian company,” CEO Siddhartha Lal told India’s Business Standard in July. “We want to be a global player.” Royal Enfield boasts that...

This week, the city of Medellin held the pre-event kickoff for the upcoming Cities For Life Global Meeting 2015, to take place this August 31 to September 1st in Plaza Mayor, the city’s flagship convention center. Cities for Life will bring more than 40 experts from around the...