Colombia: Superintendencies wrap up year with M&A approvals

As we approach the end of the year, Colombian authorities have revealed the latest in a flurry of movements in the country’s business and financial atmosphere, with investments and mergers in the transport services, power generation, banking and retail trade sectors, among others.

The Financial Superintendence gave the green light to the integration of Colombia’s Stock Exchange (BVC) and the Centralized Securities Depository (Deceval). Meanwhile, Petroalianza International Limited (Petroalianza) acquired, for US$1.7 million, a shareholding equivalent to 13% of Brazil’s Lupatech OFS, reaching 49% total control over the firm.

The Superintendency of Industry and Commerce (SIC) authorized the acquisition of global shipping company Dr. August Oetker KG (Hamburg), by rival Maersk Line. The integration of Maersk and Hamburg required the permits of competition authorities from 23 countries and is valued at US$4,350 million dollars.

Full Content: El Tiempo

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