AF Consulting acquires Financiera Internacional

Spanish firm AF Consulting has acquired Colombian finance company Financiera Internacional after negotiating a share deal with the Venezuelan company Fondo de Garantias Bancaria de Venezuela (Fogade). Thus, Fogade sold a 90% shareholding in the firm Financiera Internacional. As of 31 December 2009, Financiera Internacional equity stood at COP 30.97bn (EUR 11.71mn USD 15.97mn), and analysts therefore consider that the 90% stake was sold for at least COP 28bn. As well as the share operation, it is reported that Financiera Internacional will receive COP 8bn in capital in order to participate in new market areas, such as international financial services and capital markets, amongst others.

Publication: Esmerk - News monitoring
Provider: Esmerk
March 1, 2010