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...Indeed, for most people the concerns of war feel a world away from the bustling streets of the capital Bogotá or Medellín, with their humming entrepreneurialism and “multilatina” companies that are expanding...
...Grupo Sura is a leading multilatina, being majority shareholder in leading local insurer Suramericana as well as the region’s main pension fund administrator, Sura Asset Management, and Colombia’s largest...
...But surprisingly for some, multilatinas can suffer from cultural mismatches too....
...Alberto Luzarraga, a partner at US law firm Linklaters, says: “It is hard to say whether these countries already had ‘multilatinas’ [multinational corporations] because they had to expand out of their smaller...
...According to HSBC, these so-called “multilatinas” may also be better-performing investments than companies focused on the domestic market....
...Alejandro Solorzano, the multilatinas regional leader of Marsh & McLennan, the global insurance broker, says: “We’re seeing a big jump in capital flows to Chile, Colombia, Peru, Mexico and Brazil because...
...Some estimates put Colombia’s middle class at about a third of the total population of 47m, a good size of internal market for new ventures to serve before growing into “multilatinas”, companies in the region...
...In HSBC’s report, Laidler points out that the rise of the multilatinas is not all gloss, however. Multilatinas still by and large are not truly global, and their brands do not have international reach....
...Multilatinas are on the march again....
...embed1 Related reading: Mexico’s Volaris airline surges in debut, FT Colombia’s top bank heads to Wall St, beyondbrics Multilatinas: moving up the ranks, beyondbrics LatAm on a spree, FT...
...Related reading: Multilatinas: moving up the ranks, beyondbrics LatAm on a spree, FT Guest post: here come the multilatinas, beyondbrics Latin America: no longer the man with a moustache and a guitar, FT...
...Bancolombia is emblematic of the long-held conservatism of Colombian bankers, but also their new international outlook and recently acquired “multilatina” status – a Latin American company with a presence...
...So much so that lately they have sprung from those brace positions into the ranks of the multilatinas – regional companies that increasingly are giving foreign competitors a run for their money....
...The second reason for Latin America’s increased projection is the investment lure of its multilatinas, domestically based companies with regional operations....
...In the classic multilatina strategy, this began in Mexico’s near-abroad and then spread further afield....
...political scientist Javier Corrales wrote in Americas Quarterly, is that they are competing against a “highly efficient, profitable, reliable, and competitive” company owned by Latam, a “remarkably successful multilatina...
...financial transactions tax * Brussels offers Beijing reprieve in solar panel dispute * Tehran’s bazaar in quiet revolt over Ahmadi-Nejad’s tax rises * Frontier markets on track for record year * Another multilatina...
...Make way for the multilatinas....
...Related reading Multilatinas: moving up the ranks beyondbrics Brazil growth: how fast is enough? beyondbrics...
...Related reading: Mexico’s “ultra-low cost” airline files for US IPO, beyondbrics Another multilatina heads to Wall St, beyondbrics NYSE: more Santanders por favor, beyondbrics...
...Kostin proposes paying dividends in stock * Mrs Watanabe starts a Mexican wave * Tehran’s bazaar in quiet revolt over Ahmadi-Nejad’s tax rises * Frontier markets on track for record year * Another multilatina...
...Related reading: BlackBerry’s turnround falters, FT BlackBerry: not down enough, Lex Even multilatinas get the Venezuelan devaluation blues, beyondbrics Companies hit by Venezuela move, FT...
...Interestingly, the so called “multilatinas”, large aborigine corporations that compete for markets and projects worldwide, currently command sizable human and capital resources....
...With deep roots in the state, the family-owned company, now in its fourth generation, has annual sales of more than $1bn and is a genuine “multilatina” – a Latin American company with a presence across the...
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