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Medellín based SURA Asset Management and Peru’s Credicorp Capital  have announced a strategic alliance creating a new fund in order to invest  $1.3 billion COP (approximately $400 million USD) in Colombia’s “fourth generation” (4G) roadway infrastructure projects. The...

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The...

On Sept. 11, 2015, Bancolombia announced an agreement to acquire an additional 20% stake in Banco Agromercantil de Guatemala which would bring the bank’s share of Banco Agromercantil de Guatemala’s equity to 60%. Once the transaction is approved by regulators in both...

Medellín based Grupo SURA´s insurance and risk management subsidiary, Suramericana S.A., has announced that it has reached a definite agreement to acquire RSA Insurance Group PLC´s operations in Latin America, for a total of £403 million British pounds, representing COP 1.91...

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...

According to a report released by the International Monetary Fund (IMF) and the Multilateral Investment Fund (MIF) Remittances to Latin America and the Caribbean Set a New Record High in 2014, the recordbreaking increase in remittances (money transfers) to Latin America reflects...

Iberian company Digitex has been experiencing tremendous growth of late, using its global footprint to find success beyond its Iberian home. In 2014 alone, the company realized 30% revenue growth in Colombia alone, providing a mix of technology and services to corporate...