Guatemala: Korean Company agrees to Purchase FerrovíasRepresentatives from YooChang Construction announced an agreement to purchase 82% of the shares of the Railroad Development Corporation (RDC), owner of Ferrovías.Wednesday, January 11, 2012
The announcement was made by the president of YooChang Construction on a visit to Guatemala, who next week will be holding a meeting with directors of the RDC for the purpose of defining the first payment agreement. Source: elsiglo.com ¿Busca soluciones de inteligencia comercial para su empresa?Guatemala Seeks Lawyers for Ferrovías LawsuitJuly 2011 The Ministry of Economy is searching for legal professionals to continue the arbitration process requested by Ferrovías. Guatemala: Rail Investment DenialMay 2011 There is an old saying that if something looks too good to be true, it probably is ... Guatemala Sells Railway to KoreansMay 2011 Representatives from the Korean companies Hyundai and Yoochang have announced an agreement with the current owner of the Railroad Development Corporation, and a total investment of $2,400 million.
State of Guatemala unsuccessful in stopping Ferrovias lawsuitNovember 2008 Ciadi, based in Washington, rejected the request by the State of Guatemala to suspend the suit for $65 million that was presented by Ferrovias in 2007.
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