The Empresa de Servicios de Medellín (EPM) has joined the list of Colombian businesses interested in investments in Costa Rica.
Costa Rica’s vice-president, Helio Fallas, confirmed yesterday that representatives of EPM met Tuesday with President Luis Guillermo Solís on possible investments in power generating projects in the country.
[su_pullquote class=”H2″]A Unique Public-Private Partnership
Since its creation in the 1950s, Empresas Publicas de Medellín has transferred roughly 30% of its annual profits to the municipality of Medellín for social investment projects. Forbes.com
[/su_pullquote]”Basically, they wanted to talk to the President for the purpose of making investments in public companies in the country,” Fallas said.
Established in 1910, is an industrial and commercial state owned enterprise by the city Medellin and provides electricity, drinking water, sanitation and gas network to the municipalities where it operates.
Major Colombian businesses already operating in Costa Rica include BAC/Credomatic, Davivienda, GEF, Arturo Calle and Mega Super. The Asociación de Empresarios Colombianos en Costa Rica (Association of Colombian Businesses in Costa Rica) says it has now 70 member businesses, more than double that of six years ago.
Source: La Nacion