News
We are coming for the juice market: Coca-Cola
US multinational Coca-Cola Company, which invested two hundred million dollars in 2009, announced that it will invest the same amount in 2010; the company's idea is to become the best (non-alcoholic) beverage producer and vendor in the country, and it is going to target the juice market to do so.
La República, 4 March 2010
Coltabaco is confident of approval for the acquisition of Protabaco
US company Philip Morris International, the owner of Coltabaco, expressed its interest in acquiring Protabaco, a Colombian company, in order to be able to expand its market to the middle and lower segment with brands such as Mustang and Premier, while increasing the volume of tobacco grown in Colombia.
La República, 2 March 2010
US $430 million from the International Finance Corporation (IFC) to go to banking and the hotel trade
Salvadorian conglomerate, the Poma Group, devoted to activities in the automotive, real estate, hotel and telecommunications sectors, is planning to invest in a hotel in Cali. The project will involve two of Poma's divisions: International Shopping Center Holdings (Isch) and Hospitality Services (HS); it will be financed by the International Financial Corporation (IFC), a World Bank subsidiary.
Portafolio, 1 March 2010
