Goldman Sachs Group Inc. is seeking to sell bonds backed by Colombian highways, to help construction companies raise money for the country’s 47 trillion-peso ($23 billion) road-building program, a government official said.
Antonio del Valle, the billionaire investor behind chemical maker Mexichem SAB’s 87-fold stock rally over the past decade, said he can turn around the biggest loser in his holdings by buying companies in the fragmented chemical distribution market.
Mexican investors including the billionaire owner of Grupo Financiero Ve Por Mas will invest 450 million euros ($621 million) in Banco Popular Espanol SA as Spanish banks tap Latin American funds to bolster capital.
Grupo Pochteca SAB, the chemical distributor controlled by the family of billionaire Antonio del Valle, posted its biggest two-day rally in three years on optimism the company’s expansion plan will bolster profits.
Holcim Ltd., the Swiss cement maker that cut its sales target on sluggish shipments in Brazil, Mexico and India, plans to drive ahead with expansion in Latin America’s two largest markets amid signs demand will recover.