Costa Rica: Aerospace Company Issues Debt

Ad Astra Rocket Company has announced a limited public offering of shares in the Costa Rican market.

Wednesday, September 29, 2010

The capital placement would be $553,791 which amounts to 55,379,100 common shares with a minimum investment amount of $25,000.

Because it represents a restricted limited public offering, the securities are intended only for institutional investors such as brokers-dealers, financial institutions, international organizations, investment funds, pension funds and certain trusts.

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State Involvement in Utility Companies

August 2013

A recently passed law authorizes the sale of shares owned by the Panamanian government in 10 companies with a minimum value of $2 billion.

These companies are known as 'empresas mixtas' (joint venture companies) because they include the participation of public and private capital, among them are power generation companies and the three distributors that emerged after the privatization of the former Institute of Water and Electricity (IRHE by its initials in Spanish). The Panamanian government, in addition to having the right to participate in the decision of these companies, also receives part of the profits they make.

Panama to Sell State Shares in Enterprises

March 2012

The government is valuing its shares held in companies such as Cable & Wireless and AES Panama, before offering them to Panamanian citizens.

Ricardo Martinelli’s administration is considering selling shares belonging to the Panamanian Government in joint ventures, reported Prensa.com.

Panama: Grupo Mundial capitalizes $10 million

June 2011

The financial conglomerate has issued 1,538,461 shares for the sum of $10 million in the local primary market.

The issue was agreed at the last shareholders meeting.

The funds will be used to increase capital of the Banco Panameño de la Vivienda (Banvivienda) and "’to meet obligations of the holding company’, said Fernando Lewis, president of the group", according to an article in Prensa.com

Costa Rica: Fifco Share Price Rebounds

June 2011

Shares in the brewery company Florida Ice and Farm have risen 20% in a week.

After having remained stable throughout 2011, the value of shares quoted on the national stock exchange showed a significant increase, from trading at $1.44 (¢733) to $ 1.73 (¢ 880) in just one week.

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