Brookfield sets up $400Mn Colombia Fund

Brookfield Asset Management, Canada's asset manager focused on property, power, and other infrastructure assets, is launching a USD 400 million Colombian fund to invest in the region̢۪s infrastructure. The PE firm has joined a wave of foreign institutional investors entering the Andean nation. It also announced the fund's first closing at USD 320 million, making it the largest PE and infrastructure fund ever launched in Colombia. Investors that have committed in the first closing include Colombian institutional investors and Brookfield, the latter committing up to 30 percent of the total.

Brookfield has been monitoring a number of attractive targets in Colombia in the past one year. The newly generated interest of international companies in Latin America is due to the global growth together with sound a fiscal policy, which contributed to the economic stability in the region. The banking sectors of many South America countries withstood the storm caused by the global financial crisis.

Publication: Evalueserve-EmergingMarketsNOW
Provider: Evalueserve India Ltd.
September 10, 2009


Plans to produce fine wood from coffee trees

The association of coffee farmers in Colombia, Federacion Nacional de Cafeteros (Federacafe), is promoting a project to produce fine wood from coffee trees. The project is supported by the Andean Development Corporation (CAF) and the Inter-American Development Bank (IADB) and is aimed at bolstering and diversifying the local coffee industry.

At present, coffee plantations in Colombia span around 1.1mn hectares, which could produce around 4mn cubic metres of processed wood. Domestic demand for wood in Colombia is estimated at around 10mn cubic metres per year, with 7mn of them being used by paper companies and 3mn for carpentry. The project also encompasses the production of some 2.8mn cubic metres of ethanol by using wood shavings from coffee trees.

Publication: Esmerk - News monitoring
Provider: Esmerk
September 8, 2009

Investments in civil engineering projects up by 42% in Q2

Figures from the national statistics office, Dane, show that total investments in civil engineering works experienced a year-on-year growth of 42% in Colombia in the period between April and June 2009. The group of ports, dams, and other dredging-related projects recorded an increase of 101.5%, whereas energy and mines posted a 42% hike. Meanwhile, Dane has added that investments in roads, bridges and similar structure climbed by 28.5%, on the same period in 2008

Publication: Esmerk - News monitoring
Provider: Esmerk
September 8, 2009