Due to the economic crisis, it is expected that during 2021 the number of business alliances and company sales will increase, especially in the most damaged sectors, such as tourism, hotels, restaurants, entertainment, education and real estate.
The restrictions imposed by the governments of the region due to the covid-19 outbreak, has generated economic losses in most of the productive sectors, including reported business closures and increases in unemployment levels.
On January 10, Laureate International agreed to sell Universidad Latina to the US conglomerate SP Costa Rica Holdings, a transaction that amounted to $22 million.
The agreement was that SP Costa Rica Holdings would make an initial payment of $15 million and the remaining $7 million would be cancelled within two years, if income and new student enrollment goals are met.
In Costa Rica, the sale of Grupo Gessa's supermarket chain, composed of 52 stores, to Grupo Empresarial de Retail S.A. was authorized.
On December 12, 2019 the file for the sale of Grupo Empresarial de Supermercados S.A. was presented. (Gessa), owner of the chains of stores of the formats Peri, Súper Compro and Saretto, to Grupo Empresarial de Retail S.A.
Grupo Carso announced the acquisition of the total shares of Ideal Panama, a company operating two hydroelectric plants with a combined capacity of 145 MW.
The amount of the transaction was $152.6 million, according to a relevant announcement published by the Mexican Stock Exchange.
In 2019, 25 M&A files were submitted to the Costa Rican authorities, down from 40 in 2018, which can be attributed to the decline in economic activity.
Although in the second half of 2019 the Costa Rican economy began to report signs of recovery, last year was marked by a slowdown in the Monthly Index of Economic Activity (IMAE) and consumer uncertainty.
TVN Media announced that it has signed an asset purchase agreement for Green Emerald Business Inc., which includes six open radio frequencies under the Radio Panama brand and the right to use the LOS40 brand.
TVN Media reported that the contract was signed on January 24, 2020, an agreement that follows the company's corporate strategy to expand its multimedia product portfolio.
On January 14, the acquisition of Publicidad Interamericana by the Bcomm business group was officially announced.
In an official statement from Bcomm, the communications holding company comprising BBM MullenLowe, Voltage Productions, SkyCom and Punto Aparte Carat, it was indicated that "the incorporation of Publicidad Interamericana S.A. was successfully completed. (PISA Publicidad) to our business group."
Almost a year after Walmart's application to acquire Grupo Gessa's supermarket chain in Costa Rica was denied, a new agreement is now announced between Grupo Gessa and Grupo Empresarial de Retail S.A.
The group formed by Garnier & Garnier Desarrollos and Enjoy Group acquired 100% of the shares of Hotel Punta Islita, which is located in Guanacaste and was previously owned by Grupo Islita.
The companies participating in the transaction informed through a statement dated November 1, that after the sale of the hotel, the enclosure will undergo a process of improvement and expansion.
The Superintendence of Competition of El Salvador once again declared "inadmissible the request for authorization of economic concentration presented by América Móvil, which would consist of the acquisition of the share capital necessary to control Telefónica's operations."
Urbano Express, dedicated to parcel services, storage, outsourcing of couriers and delivery of valuable products, reported that it bought the PCH Cargo company.
Representatives of Urbano Express explained that with the acquisition of PCH Cargo, will become the first integrated logistics company in El Salvador, from import, customs formalities, storage, order preparation, delivery of the last mile, to the collection of this.
The American business group Sandford Health acquired 12.5% of the shares of the companies of the Montecristo Group.
Both companies reported that they reached an agreement for Sandford to acquire part of the shares of the Montecristo Group companies, such as Hospital Metropolitano, Medismart, Labinclinic, Drs Dent and Laboratorios Páez.
The Coca-Cola Company authorized the concentration consisting of the acquisition by The Coca-Cola Company of the brands Oasis and Cristal and other distinctive signs that protect bottled water products, as well as the granting of a bottling and distribution contract for such products to La Constancia.
The Superintendence of Competition reported that this contract will allow La Constancia to bottle and distribute the products of the mentioned water brands, under the terms that it already does with other brands of non-alcoholic beverages owned by The Coca Cola Company (TCCC) and that are marketed in the Salvadoran market.
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."
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.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...