Yearly Archives: 2015
Despegar Receives An Investment of US$270M From Expedia
QCOSTARICA - Expedia, one of the world's largest travel companies, announced an investment of US$270 million dollars in the Argetina based online travel agency Despegar.com.
The investment will give Expedia a minority stake of about 20% in the Decolar, the Despegar parent company.
The deal comes as part of the expansion...
National Trucker GASH Lays Off 65 Due To Decrease in Cargo...
QCOSTARICA - The Costa Rican trucking company, GASH, announced the layoff of 65 people last March 6 following a drop in cargo volumes handled by the company.
GASH general manager, Luis Guillermo SolÃs, explained the company has seen a decline in the last three months, forcing the company to reduce...
Spanish Bank After Citi’s Costa Rica and Central America Operations
QCOSTARICA - Aside from the Colombian Grupo Aval, the Spanish company Banco Popular may also be in negotiations to acquire Citi's entire consumer banking operation in Costa Rica and Central America.
The Madrid-based Banco Popular, the sixth-biggest lender in Spain, would edge out Grupo Aval Acciones y Valores SA, the...