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Soon after closing a round of convertible debenture financing, Longwood, Florida based ID Global Solutions Corporation has announced its purchase of Bogotá’s MultiPay S.A.S.via a stock swap.  MultiPay is a payment gateway and IT services provider that offers transactional...

In 1941, the artist Pedro Nel Gómez, followed by the architect Juan Wolff in 1942, floated initiatives to make the Medellin river the center for life and development in Colombia’s second largest city. Nothing much happened until urban planners Carlos Julio Calle and Luis Fernando...

In some countries, motorcycles are a luxury and a pastime. However in other countries, such as Colombia, they are basic transportation for millions. Cold or hot, rain or shine, motorcycles are on the road in Colombia 24 hours, 7 days a week, 365 days a year. Latin America’s most...

In June, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) 2,336,139 passengers, up 10.2% compared to June 2014. Capacity, measured in ASKs (available seat kilometers), increased 7.7%, while passenger traffic, measured in RPKs (revenue passenger...

Bogota, July 14, 2015 – ETB, Bogotá’s telecommunications company, has named Credicorp Capital Colombia, S.A. to serve as a market maker in the BVC (Bolsa de Valores de Colombia), Colombia’s primary stock exchange. ETB, seeks to make its shares more liquid and attractive to...

London, 20 July 2015: Arthur J. Gallagher  (NYSE: AJG) has extended its investment in Latin America by taking a 65% stake in independent Colombian energy and construction specialist ARM Re Ltda. (ARM). Specific terms and pricing of the transaction were not disclosed. Established...

GREENWICH, Conn.–(BUSINESS WIRE)–W. R. Berkley Corporation (NYSE:WRB) today announced the formation of Berkley International Seguros Colombia S.A. to provide a full range of commercial insurance products, including construction all risk, surety, general liability,...

Barranquilla based Technoglass (NASDAQ: TGLS) has filed with the SEC a form S-4 proposing to exchange outstanding warrants for ordinary shares. Under the offer, each warrant holder will be able to receive one share in exchange for every 2.6 outstanding warrants. Upon approval,...

Colombians view transactions made through ATMs as more vulnerable to cyberattack than other options like phone banking, credit cards, mobile device payments, and online payments made by computers, according to the results of the Unisys Security Insights survey. When asked to...

A recent study by Baker & McKenzie looking at cross border M&A activity indicates that such deals should continue to increase over the next three years. According to the study, after a long and stuttering recovery from the 2008 global financial crisis, transactional...