The transnational UPL announced the acquisition of Industrias BioQuim Centroamericanas S.A., a company dedicated to the manufacture and commercialization of agrochemicals.
This acquisition, which was made through UPL Costa Rica S.A., is the first made by the transnational UPL in the region.
The Superintendence of Competition notified Imperia Intercontinental Inc., the main shareholder of Banco Cuscatlán, that the request to purchase the banking and insurance operations of the Canadian entity was accepted.
Canada's Calibre Mining bought from B2Gold Nicaragua, the El Limón and La Libertad gold mines, as well as the Pavon project and other concessions, in a transaction that totaled $100 million.
The El Limón and La Libertad mines have produced more than 1.4 million ounces of gold since 2010, and their combined production of gold in 2019 is projected to be between 150,000 and 160,000 ounces, the company said in a statement.
After making a strategic alliance with the firm Dollarama, the business conglomerate plans to open 225 new stores dedicated to the sale of home and office goods in El Salvador, Guatemala and Colombia.
It was reported that the Canadian company Dollarama reached an agreement to acquire a 50.1% stake in the chain of stores of Salvadoran origin Dollarcity, in a transaction estimated at $85 million to $95 million.
Perinversiones S.A. de C.V. completed the purchase of the majority stake in Banco Azteca El Salvador.
At the end of last month, the Superintendency of Competition of El Salvador informed that the application presented by those involved for the purchase of 100% of the capital stock of Banco Azteca by the company Perinversiones and nine natural persons had been admitted, authorizing this economic concentration on Wednesday, May 22, 2019.
Financiera G&T Continental Costa Rica announced the sale of 100% of its shares to a group of Central American investors.
Precise the relevant fact published on June 19 by the Superintendencia General de Valores (Sugeval), which completes the purchase-sale of the "... shares of the entire capital stock of Financiera GT Continental Costa Rica S.A. by the company called 3-101-771084 S.A."
Seven years after entering the market with the commercialization of milk under the Mú! brand, Florida Ice & Farm decided to sell the brand to Grupo Lala.
In early October 2012, the announcement was made that after purchasing a dairy cooperative, Florida Ice & Farm Co. (Fifco) was launching its Mú! milk brand, which would also compete in custard, ice cream, yogurt and cream.
The airline completed the sale of its shareholding in the Central American companies Sansa and La Costeña, which operate domestic flights in Costa Rica and Nicaragua, respectively.
The completion took place on May 31, 2019 and is an improvement of the share purchase agreement signed on April 22 between the parties, reported Avianca in a statement.
The shareholders of Grupo Centenario de Inversiones, the parent company of Banco de Panamá, authorized the merger with Banco Aliado, S.A. for an amount of $225 million.
The signing of the agreement is scheduled for May 31, 2019 and the operation is expected to be completed in September, as banks must receive the corresponding regulatory authorizations.
In El Salvador, the Superintendence of Competition "authorized the request for economic concentration between Banco Azteca, S.A., Institución de Banca Múltiple, and Perinversiones S.A. de C.V."
The Salvadoran Superintendence of Competition admitted the request presented by those involved for the purchase of 100% of the capital stock of Banco Azteca by the company Perinversiones and nine natural persons, authorizing this economic concentration on Wednesday, May 22, 2019, informed the Salvadoran regulator.
In El Salvador, the Superintendence of Competition reported that "it has declared inadmissible the request for economic concentration presented by América Móvil S.A.B. de C.V., on March 5 of this year."
"When a new application for authorization is submitted, the SC will continue this process on the basis of a technical, legal and economic analysis, under the principle of independence that the LC mandates and distinguishes its actions, with the sole objective of protecting and ensuring competition in the country," reported the Superintendence of Competition (SC).
The company reported that it has transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A., for a price of $437 million.
On May 16, Telefónica S.A. reported that "Following the communication published on February 20, 2019 (with entry registration number 274959), Telefónica announces that once the relevant regulatory approvals have been obtained, Telefónica Centroamérica Inversiones, S.L.., a company owned, directly and indirectly, 60% by Telefónica and 40% by Corporación Multi Inversiones, has today transferred the entire share capital of Telefónica Celular de Nicaragua, S.A. to Millicom International Cellular, S.A. for a price of 437 million dollars, approximately 390 million euros at the current exchange rate". Consult Telefónica's full press release.
The company sold its stake in the Central American airlines Sansa in Costa Rica and La Costeña in Nicaragua, both dedicated to the operation of domestic flights.
Avianca clarified that Avianca's international routes served from Juan Santamaría International Airport in Costa Rica and Augusto Sandino International Airport in Managua, Nicaragua, will continue to operate normally.
Because the Constitutional Chamber in Costa Rica admitted an action challenging the articles regulating mergers and acquisitions, the file approval processes have been temporarily suspended.
Authorities informed that since last March 19, the Commission to Promote Competition (Coprocom) refrains from approving or failing processes of companies that seek to acquire others or merge in the country.
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).