Leading Peruvian paint company Corporación Peruana de Productos Quimicos (CPPQ) has acquired its main local competitor, Teknoquimica, through a public bid process.
Dutch insurance group ING has increased its stake in two Peruvian pension fund managers, AFP Integra and ING Fondos, after acquiring stock from minority shareholders.
Scotiabank is continuing its expansion in Peru, buying the Peruvian unit of Chilean finance group Grupo Altas Cumbres.
Scotiabank has acquired a 50 per cent stake in Peruvian pension fund Profuturo AFP.
Dutch bank Rabobank International has launched a sustainable agriculture fund for Latin America.
Alterra Lima Partners has sold its last remaining stake in the operator of Lima’s airport, completing a three-year plan to pull out of the project.
Chile’s Banmédica has bought a majority share in Empremédica, which controls a Peruvian private hospital and clinical laboratory chain, Laboratorios Roe.
Farragut, a Cayman Islands-based holding company, has acquired a controlling stake in Inversiones Pacasmayo (Ipsa), the owner of Peruvian cement company Cementos Pacasmayo.
Peruvian energy company Pluspetrol Norte has obtained a US$170 million syndicated loan by a group of banks, led by Standard Bank.