The Colombian company has announced plans to expand its paints division, Pintuco, in Central America.
The firm's president, Ernesto Fajardo, announced the Central American expansion plans, which include negotiations for the construction of a paint manufacturing factory that could be located in Guatemala, Costa Rica or El Salvador.
Grupo Aval would finalize the purchase this year, once it has authorizations from regulatory agencies.
The announcement was made by the president of Banco de Bogota (part of Grupo Aval), Germain Salazar.
Larepublica.com.co reports, "in order to get the resources for this transaction, which will be of 1,900 million dollars, Banco de Bogota announced the issuance of 2.200 million pesos in bonds convertible into shares ($ 1,220 million Dollars)."
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Panamá Pacífico with thousands of interested visitors to its stand in Expocomer 2010, not only offered the Key Note speech of thursday, but launched the residential phase of this great development on the banks of the Panama Canal