Costa Rica Coffee Guide

Mabe Completes Atlas Acquisition

February 15, 2008

A Mexican company has completed its purchase of Costa Rican appliance manufacturer Atlas Eléctrica.

Mabe acquired 99.13% of Atlas’ common stock and 96.83% of its preferred stock for a total of close to $72 million.

The acquisition, which was proposed in October and approved by Atlas’ shareholders that same month, will become effective once the Superintendence of Securities (SUGEVAL) approves it.

 

You may be interested

Costa Rica approves law punishing street sexual harassment with jail and fines
Costa Rica
5805 views
Costa Rica
5805 views

Costa Rica approves law punishing street sexual harassment with jail and fines

AFP and The Tico Times - July 14, 2020

Costa Rica's Legislative Assembly on Tuesday passed a law that criminalizes street sexual harassment and punishes it with prison terms…

Costa Rica coronavirus updates for July 14, 2020
Costa Rica
21358 views
Costa Rica
21358 views

Costa Rica coronavirus updates for July 14, 2020

Alejandro Zúñiga - July 14, 2020

Costa Rica confirmed 446 new cases of the coronavirus over the past day, totaling 8,482 cumulative known cases, the Health…

Panama hospitals on verge of collapse as virus cases surge
Latin America
1221 views
Latin America
1221 views

Panama hospitals on verge of collapse as virus cases surge

Juan José Rodríguez / AFP - July 14, 2020

Hospitals in Panama are on the brink of collapse as coronavirus cases spike in the Central American country worst hit…