Bolivia: Venezuelan businessman buys Empresa Ferroviaria Andina

Venezuelan tycoon Carlos Gill Ramirez has confirmed, through his company, the purchase of 50% of Empresa Ferroviaria Andina de Bolivia, one of the country’s largest railroad operators. This comes one year after a similar purchase one year ago of Empresa Ferroviaria Oriental.

“We are an important part of the Ferroviaria Oriental group, and we now have 50% of Ferroviaria Andina. It’s important to point out that, in both cases, the remaining 50% belongs to Bolivian pension funds.” said Gill Ramirez during an interview with the La Razón daily, which is also owned by the magnate.

On June 2014 Gill bought half of Ferroviaria Oriental from American group Genesee Wyoming, gaining control of rail operations in eastern Bolivia. The move to buy Ferroviaria Andina, previously owned by Chilean investment group Luksic, does the same for the west of the country.

Source: El Deber

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