HSBC To Buy Costa Rica Minority Shareholders Interests

Under the terms of the offer, the maximum consideration to be paid for the acquisition of a total of 1,112,672,425 common shares (2.75%) will be $6,938,405.

Friday, March 6, 2009

Grupo del Istmo Costa Rica S.A. (Grupo Istmo), an indirectly owned subsidiary of HSBC Bank (Panama), is launching a public tender offer to acquire the interests of the minority shareholders of Corporación HSBC (Costa Rica) Sociedad Anónima, ('Corporación HSBC').

The offer ends on 25 March 2009.

More on this topic

Costa Rica: Protection of Minority Shareholders Approved

August 2016

Once the new law comes into effect minority investors will have access to information on transactions that represent at least 10% of a company's assets.

A statement issued by the Ministry of Economy, Trade and Industry explains that   "...The initiative proposes specific reforms to Articles 26, 189 and adding Article 32 to the Code of Commerce, as well as amending Article 426 of the Civil Procedure Code.

Costa Rica: Protection of Minority Shareholders

August 2015

A bill aims to give more legal guarantees for investors holding less than 20% of shares in companies.

The bill 19,530 also provides that "... Companies classified as large companies, as classified by the Ministry of Economy, Trade and Industry, and companies whose shares are registered in the National Registry of Securities and Intermediaries, and which trade through an authorized stock exchange , must adopt corporate governance policies approved by the board or equivalent body, which must include at least:

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.

Costa Rica: Chilean Firm Acquires 50% of Cefa

April 2011

The pharmaceutical group Socofar acquired 50% of the Costa Rican operation Cefa Corporation.

The alliance between the two companies will allow the financing Cefa’s expansion to Central America and the Caribbean. Among the plans is the recovery of the Honduran and Salvadoran market and consolidation of operations in Nicaragua

 close (x)

Receive more news about Finance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Costa Rica – One Only - Development Property and Coffee Farm

This property has it all! Ocean views, streams, waterfalls, forest, profitable coffee production, convenience, seclusion, titled lots, electricity, water, road access, perfect weather.
Fantastic, hard to find - Ocean views from every lot,...

Stock Indexes

(Dec 13)
Dow Jones
S&P 500


(Dec 13)
Brent Crude Oil
Coffee "C"