Colombia: OPESA secures merger with Panama counterpart

The Colombian company Sociedad Operadora SA (OPESA), which handles investments in different toll collection and banking commissions, as well as hotels and other activities in the tourism services sector, has made a transaction to absorb its Panamanian counterpart Inversiones Viales Internacionales (Ivisa).

Currently, Opesa owns 77.5% of Recaudo de Valores (Reval), a company that last year had operating revenues of 27,357 million pesos and whose business focuses on integrated cash collection services, customer service, Collection points and the allocation of money from customers, such as utilities or banks.

Opesa was created in 1992 as the Operator Company of Roads (OPE), mainly for the provision of technical advisory services for the collection of tolls and the manufacture of traffic control machinery at different toll stations.

In recent months, the Colombian newspaper EL TIEMPO has found about thirty legal takeovers of companies absorbing subsidiaries or parent companies based in Panama, moving the operations to Colombia.

Full Content: El Tiempo

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