BAC Credomatic Buys Guatemalan BankThursday, June 27, 2013 The bank, owned by Colombia's Grupo Aval has bought Grupo Financiero, which includes Banco Reformador in Guatemala and Transcom Bank Limited of Barbados. The only thing now pending is approval of this transaction by the financial market's supervisory authorities in the country. According to the general manager of BAC San José in Costa Rica, Gerardo Corrales, the intention of this purchase is to strengthen corporate banking in the Guatemalan market.. Vitogaz Acquires Chevron's CA AssetsFriday, November 19, 2010 U.S. corporation Chevron agreed to sell its assets in Central America and the Antilles to Vitogaz. The sale includes a network of 174 Texaco service stations, a stake in a refinery, terminals and aviation facilities as well as Chevron's commercial operation in the region. Alliance of Pharmacy ChainsFriday, March 22, 2019 In Costa Rica, Farmacias Sucre agreed to purchase a percentage of the shares of Farmacias Santa Lucía, and plans to invest more than $2 million in strengthening both brands. The business alliance, whose details of the percentage negotiated between the two companies were not disclosed, is pending approval by the Commission to Promote Competition (Coprocom). Pan-American Acquires Assets of ALICO in Panama and Costa RicaFriday, November 11, 2011 Through this acquisition, PALIG will increase its already considerable business in Panama and Costa Rica, while expanding its presence in the Caribbean. In total, the businesses that PALIG are attempting to acquire represent over $125 million in premiums and $675 million in assets, according to 2010 figures. |
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