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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 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...

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...

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...

South American retailer Cencosud has selected Unisys Corporation (NYSE: UIS) to offer IT help desk services to internal users in Colombia, Chile, Perú, Brasil, and Argentina. The five year deal represents the first time that Cencosud has signed such a deal with a technology...

Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH), the parent company for Colombia’s flagship airline, and private equity firm Advent International, today announced that they have inked a deal in which Advent will acquire a 30% of the shares of LifeMiles B.V, the subsidiary of...

Gran Tierra Energy Inc.  (NYSE MKT: GTE, TSX: GTE), Calgary, Canada based company focused on oil exploration and production in South America, announced last week, an increased 2015 capital program intended to provide accelerated development drilling at the Company’s core...

LAUSANNE, SWITZERLAND (May 27, 2015): IMD, a global business school with campuses in Switzerland and Singapore, today announced its annual world competitiveness ranking. As part of its ranking of 61 more developed and sizeable economies for 2015, the IMD World Competitiveness...

The strong U.S. dollar, Colombian peso (COP) depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia’s largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia’s...

It was only a matter of time before dominoes start to fall in the Andean petroleum sector due to the prolonged low oil prices, and now, Finance Colombia has obtained documents filed with the United States Securities and Exchange Commission (SEC) signaling the intent by Toronto...