Daily Colombian Equities Bulletin and Fundamentals 05-20-14
Ideas get bigger when you share them...
May 20, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,683.2 points (-0.11%).Total turnover reached USD 50.9 mn. The best performers were BVC (+1.90%), Exito (+1.37%) and Grupo Aval (+1.15%). On the other hand, the worst performers were PfBancolombia (-1.66%), Cemex Latam (-1.57%) and PfAviancaHoldings (-1.55%).
Nutresa announced the capitalization of Oriental Coffee Alliance for USD 985,000 through Colcafe, which now holds a 50% stake in this company. Mitsubishi Corporation holds the remaining 50% stake. This M&A was previously announced on February 17. Source: Superfinanciera
The Energy and Mines Ministry awarded to ISA, by Resolution 90506 of 12 May 2014, the design, construction and operation of six projects in the National Transmission System STN. Transelca will be responsible for this, if Electricaribe don't show interest in executing projects. Source: Superfinanciera
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