BCIE joins up with ICAP to attract capital to the region
BCIE (Central American Bank for Economic Integration) and the British brokerage firm ICAP will create a joint venture company BCIE-ICAP Capital Markets based in Mexico City.
Monday, October 13, 2008
The objective of BCIE-ICAP Capital Markets is to provide an electronic platform so that Central American companies can sell their financial products and overcome credit limitations affecting the region due to the financial crisis.
The Costa Rican companies MECO and Productos de Concreto have formed an alliance with the Nicaraguan Lacayo Fiallos to create the construction company Concrenic, which has already started operations in Nicaragua.
Synergy Renewables, from the U.S and Grupo Rais, from El Salvador, signed a joint venture agreement for $462 million to install five plants which will generate electricity from trash.
Central America Beverage of Guatemala and PepsiAmericas will combine operations in the Caribbean, Guatemala, El Salvador, Honduras and Nicaragua.
The 25-year agreement was signed during President Hu Jintao's visit to Costa Rica, CNPC said in a statement.
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