With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.
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...
The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.
Minister Karen Abudinen has resigned to the metaphorical cemetery she promised during an April television interview. Though no one has accused her so far of criminal wrongdoing, questions remain as to how her office could fall victim to a quarter billion US dollar fraud without...
84.5% of what Colombia exports to the world in non-mining, non fuel products goes to countries with which the country has a current free trade agreement. Today there are 17 bilateral and multilateral trade agreements with approximately 65 countries. Growth in exports to these...