Bloomberg News

Fabricato to See More Presence Abroad, Cadavid Tells Republica

September 28, 2011

Sept. 28 (Bloomberg) -- Fabricato SA, Colombia’s biggest textile maker, will have a greater international presence after fund-management company Global Emerging Markets announced plans to buy 19.9 percent of its shares, La Republica newspaper reported, citing an interview with Chief Executive Officer Juan Carlos Cadavid.

Medellin-based Fabricato expects sales to rise 15 percent this year from 583 billion pesos ($309 million) in 2010, according to the daily. Global Emerging Markets, with offices in New York, Paris and Hong Kong, manages $3.4 billion in assets from developing countries, according to the firm’s website.

--Editor: Richard Richtmyer

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus