Pan American Silver agreed to acquire the shares of Canadian Tahoe Resources, thus becoming the owner of the Mina San Rafael project in Guatemala.
With no details on the transaction amount, it was reported that the agreement between the two companies was approved on January 8, 2019 and is expected to be finalized on February 26.
The Pan American Silver mining company reported that it is interested in buying the shares of Canadian Tahoe Resources, the company owning Mina San Rafael in Guatemala.
Representatives of Minera San Rafael confirmed that interest exists by Pan American Silver, the world's second largest silver mining company with operations in Mexico, Peru, Bolivia and Argentina, in buying Tahoe Resources.
The link through SIEPAC allows Honduras to purchase cheaper energy from Guatemalan private power generators.
The opening of the penultimate stage of the Central American network opens up a new way for Honduras to obtain energy from outside of its domestic market at lower prices.
"The connection between Guatemala and Honduras "will increase transmission capacity in the regional energy market," said Rene Gonzalez, Executive Director of the Regional Operating Agency (EOR).
Edgar Mendoza analyses the legal foundations for mergers and their affects on taxation in his article on La Presna Libre’s website.
"The Guatemalan Commercial Code contained in Congress’s Decree No. 2-70, as amended, contains no definition of a merger, and is limited to establishing the legal processes required to perform this procedure. Article 256 of the Commercial Code, (C.C.), recognizes two types of merger, namely: a) merger on its own: where one existing entity absorbs the other, and b) creation of an entity: a new entity is created by the dissolution of existing companies.
The Mexican Corporation Coca-Cola FEMSA announced it has completed the acquisition of Panama's "Grupo Industrias Lácteas", parent company of "Estrella Azul", "Conservas Panameñas" and "Plásticos Modernos".
This is Coca Cola's first foray into the milk and dairy industry, which is one of the largest and most dynamic segments of the non-alcoholic beverages market in Latin America.
The multinational agreed to its sale, including debt, to a private equity group led by Kohlberg Kravis Roberts fund (KKR).
The purchasing group formed by Kohlberg Kravis Roberts fund (KKR), Centerview Partners and Vestar Capital Partners will pay $ 19 per share of Del Monte, plus the company's debt of about $ 1,300 million.
The deal is expected to close in late March 2011 and it allows Del Monte to search for a better purchase offer up until January 8th.
Colombian Group EPM acquired 80% stake in Empresa Electrica de Guatemala (EEGSA).
Empresas Publicas de Medellin (EPM), leading provider of public services in Colombia, will expand its presence in Central America.
Sigloxxi.com reports, "The sale, according to EEGSA´s manager, Jorge Alonso, was decided by company shareholders, consisting of firms Iberdrola of Spain, Teco Energy and Electricity of Portugal, although the distributor was unaware of negotiation details.”
Goldcorp INC. announced today the completion of its sale of the Escobal silver deposit in Guatemala to Tahoe Resources Inc. ("Tahoe").
Pursuant to the terms of the transaction, Goldcorp received an aggregate of 43,686,667 common shares of Tahoe, representing 40% of Tahoe's issued and outstanding common shares on a fully-diluted basis and $253 million in cash.