2010-03-01

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

Avianca Taca to buy 100% of Aerogal

Air carrier Avianca Taca has announced the acquisition of Ecuadorian air carrier Aerogal. 80% will be acquired by Avianca and 20% by Kingsland Holding Limited, the owner of Taca. Avianca will pour USD 7.20mn (EUR 5.28mn) into Aerogal. The Ecuadorian airline has a fleet of 12 aircraft. It will receive two new Airbus 320s in the second half of 2010. It will pay for them with a USD 54mn loan it received from Corporacion Financiera Nacional (CFN).

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

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