Chile’s Parque Arauco to expand after $163.53 mn deal with Credicorp Capital

Chile's Parque Arauco completed a transaction with the Real Estate Collective Investment Fund, Inmoval, which belongs to Credicorp Capital Colombia. The group sold a 49% stake in the Parque Caracolí (Santander) and Parque La Colina (Bogotá) shopping centres to Inmoval for a total of Col$588 billion ($163.53 million). Parque Arauco estimated that the profits from the sale will be Col$185 billion ($51.45 million), money that will be used for new investments and long-term expansion.

Ministry of Transport launches second phase of credit line for $198.85 mn

Transport Minister Angela María Orozco announced the launch of a second phase of the 'Transporte Responde' credit line, which will have a quota of Col$715 billion ($198.85 million). Orozco said that this line will have sub-quotas: MSMEs, Col$379 billion ($105.40 million); $136 billion ($37.82 million) for microenterprises and $200 billion ($55.62 million) for large companies.

In 2020, the SIC levied fines of $2.1 mn

The Superintendency of Industry and Commerce (SIC) revealed that in 2020 the entity received 16,237 complaints, of which 89.9% were for alleged violations of Statutory Law 1266 of 2008 or the Financial Habeas Data Law. The SIC also reported that during 2020 it imposed fines of Col$7.58 billion ($2.1 million), and issued 2,070 orders for companies to comply with personal data protection legislation.

MPC Capital raises $100 mn to build green energy plants in Colombia, Jamaica and El Salvador

MPC Capital AG has raising $100 million in a private placement in anticipation of its listing on Oslo Stock Exchange’s Euronext Growth segment. On the company website, it lists 5 projects under development in Colombia, plus one each in El Salvador and Jamaica that will begin energy production at the end of 2022.

Enel-Codensa plans to invest $61.98 mn in projects this year

Enel-Condensa plans to invest Col$224 billion ($61.98 million) in 2021. Of that amount, Col$110 billion ($30.44 million) will be allocated to the Bogotá-Region 2030 expansion plan and Col$114 billion ($31.54 million) to other projects. Earlier this year, the company inaugurated Portugal, the first 100% digital substation in Colombia, which required an investment of Col$25 billion ($6.92 million).