The Costa Rican stock broker purchased all preferred stock from former partner CLF CRC Latin America.
The company Central America Money Market (CAMMB) purchased the entire share of former partner CLF CRC Latin America, as the head office of CLF in Trinidad and Tobago was bailed out by the Trinidadian government.
Carlos Echeverría, president of CAMMB, was quoted by Prensalibre.cr: "We saw a good opportunity and we took advantage of it, we feel mature and stable as to walk our own way in the stock market, we have learned a a lot and consolidated a strong financial structure, which allowed us to take this step".
Despite the impending elimination of tariffs on foreign brands, its dominance of the local market will continue.
The Lindo Morales brothers formed the Florida Ice and Farm Company in September 1908, not even they imagine that the company would take off like eagle and gain almost "imperial" like dominance of the Costa Rican beer market.
Costa Rica's Cathay financial group is withdrawing its investment funds from the market, leaving 132 investors to seek other opportunities.
Geannina Gurdián, a Cathay manager, said the group found that management of the funds took up time that could be more profitably occupied in other activities.