Tag

Some intrepid VC firms are betting on Colombian talent and the country’s technology infrastructure to produce results.

Fidusura is a subsidiary of Grupo Sura, the South American insurance and asset management conglomerate.

"...and I say it once and for all, in projects of law that generate FORCED INVESTMENT in the private financial system of Colombia" - President Gustavo Petro

According to Sura, the current EPS system is not sustainable and does not provide enough funding for the services committed.

While we're seeing many headlines about the Colombian peso being the global top performer in 2023, this is mostly due to the sell off in the fourth quarter last year.

Grupo Sura's $43 million USD sale of Asesuisa comes just days after it sold its holdings in Argentina to Sudamericana Holding.

A deal between Jaime Gilinski and GEA has given the Colombian mogul control of Grupo Nutresa in exchange for his stake in Grupo Sura.

What will the Gilinskis do with Nutresa? Will Carlos Ignacio remain with company? What will happen with the stock price?

In his speech, Yepes exposes links between Gilinski, Daniel Quintero, & convict Alex Vernot.

Though Gilinski has lost a major battle, the war may not be over. He is still a significant shareholder in GEA companies.