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.
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