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//Loren Moss
cropped Photo of Isagen building HQ courtesy Isagen
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An Auction of One? Only Brookfield Remains As Bidder For Tomorrow’s Pending Isagen Sale

After Colbun dropped out of bidding last Friday (causing Colbun’s stock to rally strongly, up of 3.2%), only one bidder remains in contention for tomorrow’s January 13 auction for Colombian government controlled power producer, Isagen. Isagen is the third largest energy producer,...
Posted On January 12, 2016
, By Loren Moss
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Petroamerica Shareholders Overwhelmingly Approve Gran Tierra Tender Offer; 98% + Say Yes

Calgary, January 11, 2016 /CNW/ – Petroamerica Oil Corp. (TSX-V: PTA.V), an international oil and gas company operating in Colombia, has just announced that the plan of arrangement under the provisions of the Alberta (Canada) Business Corporations Act among Petroamerica,...
Posted On January 11, 2016
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Enters into New $109.5 Million Senior Secured Credit Facility With LatAm Bank Syndicate

Barranquilla, Colombia–(Business Wire)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC), the Barranquilla, Colombia based manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today...
Posted On January 11, 2016
, By Loren Moss
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Minminas, Colombia’s Mining Ministry Obtains $30 Million USD IDB Loan To Modernize Procedures

Colombia ‘s mining and energy sector will strengthen the way it makes policy decisions and its administration of information for efficient services, as well as its controls and audit methods, with the support of the Inter-American Development Bank (IDB). An IDB loan of $30...
Posted On January 11, 2016
, By Loren Moss
Sogamoso Is Isasgen's Most Recent Hydroelectric Project (Photo courtesy Isagen)
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Isagen Auction Slated For Wednesday, Canadian & Chilean Firms Brookfield & Colbún To Vie For The Colombian Power Generator

UPDATE: According to Colombia Reports, Chile’s Colbun drops out of bidding for Colombia’s Isagen on Monday, January 11, 2 days before the slated auction After a series of debates in Congress and conflicting positions between Colombian political parties, the Colombian...
Posted On January 10, 2016
, By Loren Moss
Bancolombia in Medellín, Colombia.
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Bancolombia Takes Control With 60% of Guatemala’s Banco Agromercantil, Fitch Upgrades Credit

Two years after purchasing 40% of Guatemala’s Grupo Agromercantil Holding, parent company of Grupo Financiero Agromercantil and Banco Agromercantil de Guatemala, Bancolombia (NYSE:CIB BVC:BCOLOMBIA), based in Medellín, Colombia has moved to take a controlling interest in the...
Posted On January 9, 2016
, By Loren Moss
tigo colombia tigo une
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Fitch Affirms Tigo & UNE’s Parent Millicom Cellular As BB+, Stable Outlook

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s...
Posted On January 9, 2016
, By Loren Moss
Mauricio Cardenas is Colombia's Finance Minister. Photo Credit Global Financial Conferences
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Finance Minister Mauricio Cardenas To Outline Colombia’s Financing Strategy At Bonds, Loans & Derivatives Andes 2016

Mauricio Cardenas Santamaria (pictured above), Minister of Finance and Public Credit in Colombia will be delivering a keynote address at Bonds, Loans & Derivatives Andes conference next month, February 23 & 24.  Speaking for the third consecutive year, the Finance...
Posted On January 8, 2016
, By Loren Moss
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Colombia Sets Airline Ticket Administrative Fee Maximums for 2016

Aeronautica Civil, the Colombian aviation regulatory authority commonly known as Aerocivil, has adjusted and announced the new maximum administrative fees that airlines may attach to passenger airfares for Colombian domestic and international flights. These fees are often charged...
Posted On January 8, 2016
, By Loren Moss
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Boating Trade Congress To Debut April 27-29 In Cartagena With International Marine Industry Backing

The National Marine Manufacturers Association (NMMA), International Council of Marine Industry Associations (ICOMIA) and Asociación Náutica de Colombia (ANC) have announced they will produce Colombia Nautica: the International Nautical Congress of Colombia, April 27-29 in...
Posted On January 7, 2016
, By Loren Moss
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