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Shakira attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In the new case, the prosecutor alleges that in 2018, Shakira failed to declare profits of $12.5 million from an advance payment for her El Dorado World Tour, among others. She is also accused of defrauding the state of 773,600 euros in wealth tax, resulting in a debt of 625,190 euros. Shakira's legal team said she had not received any notification of the new case in Miami, where she is now based. The singer turned down a deal with prosecutors in the 2012-14 case, saying she was confident that she had behaved correctly and transparently from the beginning.
Persons: Shakira, Andrew Kelly, Gerard Pique, Emma Pinedo, David Latona Organizations: Prudential Center, REUTERS, Rights, Colombian, Reuters, El Dorado, FC Barcelona soccer, Prosecutors, Thomson Locations: Newark , New Jersey, U.S, Rights MADRID, Barcelona, Spain, Miami
Tigres president killed after Colombian team's home loss
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +1 min
Sept 25 (Reuters) - The president of Colombian second division club Tigres FC, Edgar Paez, was shot dead following his team's defeat on Saturday, the club have announced. "The Tigres family and the sporting community are devastated by this event," the club said in a statement. Fernando Jaramillo, President of the Major Division of Colombian Professional Football (DIMAYOR) which runs the professional leagues, mourned the death of Paez. "He was always distinguished by his respect for his friends, by his strong but respectful positions and by the love he professed for the sport that we are all passionate about: football," Jaramillo said. Reporting by Tommy Lund in Gdansk and Janina Nuno Rios in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Edgar Paez, Fernando Jaramillo, Paez, Jaramillo, Tommy Lund, Janina Nuno Rios, Ken Ferris Organizations: Tigres FC, Atletico FC, Tigres, Division, Colombian Professional Football, Thomson Locations: Colombian, Gdansk, Mexico City
MEXICO CITY (AP) — The Colombian government manipulated a video to alter the applause received by President Gustavo Petro during his speech at the United Nations General Assembly in New York. The recording released by the presidential office incorporated applause for U.S. President Joe Biden, who spoke moments before Petro, making it appear the applause was directed at the Colombian leader. Although Petro did receive applause, the final clip of the video posted Thursday on the government’s YouTube channel does not correspond to what was broadcast in the U.N. video. At 1:52:39 of the official U.N. broadcast, the same applause that the Colombian government video shows going to Petro is heard but it is at the end of Biden's his address. In the edited video released by the Colombian government, all those seats look to be occupied.
Persons: Gustavo Petro, Joe Biden, Petro, Richard Drew, Luiz Inácio Lula da Silva, Biden, Volodymyr Zelenskyy Organizations: MEXICO CITY, United Nations General Assembly, Associated Press, Colombian, AP, YouTube, General Locations: MEXICO, New York, Colombian
UNITED NATIONS (AP) — It's Day 2 of the U.N. General Assembly high-level meeting that brings world leaders together at U.N. headquarters in New York. Political Cartoons View All 1169 Images— Speech count: 37, including opening speeches from the secretary-general and General Assembly presidentWHAT TO EXPECT AT THE UN GENERAL ASSEMBLY ON DAY 2— The U.N. Security Council will also meet. On the agenda: “maintenance of peace and security in Ukraine.” That country's president, Volodymyr Zelenskyy, is expected to attend. Climate Ambition Summit, where only leaders from nations that bring ideas for new and meaningful action will be allowed to speak. ___For more coverage of this year's U.N. General Assembly, visit https://apnews.com/hub/united-nations-general-assembly
Persons: , António Guterres, Volodymyr Zelenskyy, Joe Biden, Benjamin Netanyahu, Netanyahu, QUOTABLE, , Gustavo Petro Organizations: UNITED NATIONS, General Assembly, UN GENERAL, General, . Security, Ambition, Israeli Locations: U.N, New York, Manhattan, Libya, Nagorno, Karabakh, Ukraine
The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. It said the latest increase has lifted the global debt-to-GDP ratio for a second straight quarter to 336%. Prior to 2023, the debt ratio had been declining for seven quarters. Slower growth, alongside a deceleration in price increases, were behind the debt ratio rise, the report said. "As higher rates and higher debt levels push government interest expenses higher, domestic debt strains are set to increase," the IIF said.
Persons: Florence Lo, Rodrigo Campos, Karin Strohecker, Alexander Smith Organizations: U.S, REUTERS, Institute of International Finance, Reuters, Federal, Thomson Locations: United States, Japan, Britain, France, China, India, Brazil, Korea, Thailand, U.S
Then Colombian presidential candidate Gustavo Petro, speaks during an interview with Reuters in Bogota, Colombia, April 10, 2018. REUTERS/Jaime Saldarriaga/File Photo Acquire Licensing RightsBOGOTA, Sept 19 (Reuters) - Colombia's government and the Estado Mayor Central (EMC), the largest FARC dissident group, on Tuesday said in a joint statement they would begin peace talks on Oct. 8 and start a 10-month bilateral, national ceasefire on the same day. The EMC was founded by dissident former members of the now-demobilized Revolutionary Armed Forces of Colombia (FARC) rebels, who reject a 2016 peace deal signed by that group. Colombia's government in May suspended a national ceasefire with the EMC in some areas of the Andean country following the murder of four Indigenous teenagers. The government is also in peace talks with the National Liberation Army (ELN) rebels and the two sides have also agreed a bilateral ceasefire.
Persons: Gustavo Petro, Jaime Saldarriaga, Gustavo Petro's, Oliver Griffin, Sandra Maler Organizations: Reuters, REUTERS, Rights, Estado Mayor Central, FARC, EMC, Revolutionary Armed Forces, Segunda Marquetalia, National Liberation Army, Thomson Locations: Bogota, Colombia, Rights BOGOTA
Sept 18 (Reuters) - More than 50 Colombian state entities and private companies were hit by a cyber attack last week, Colombian President Gustavo Petro told journalists in New York. Internet service provider IFX Networks last week reported it was the victim of a ransomware attack, which saw dozens of Colombian organizations affected. Without naming the company, Petro said the wider impact of the attack showed IFX Networks did not have the right "cybersecurity measures" in place and put the company in breach of its contracts. Earlier on Monday, Colombia's Minister for Information, Technology and Communications Mauricio Lizcano said on messaging platform X that he had ordered administrative actions to be launched against IFX Networks. "We are coordinating ... a civil lawsuit and possibly a criminal case (against the company)," Lizcano said.
Persons: Gustavo Petro, Petro, Communications Mauricio Lizcano, Lizcano, Oliver Griffin, Timothy Gardner Organizations: IFX Networks, Colombia's, Information, Technology, Communications, Thomson Locations: Colombian, New York
Mario called Tupac. All he could do was listen to her cry as he explained that he didn't know when he'd be back. He didn't speak Spanish, didn't know a soul in Mexico, and had no clue where he would be sent. Mario didn't ask why, and the guy didn't inquire about Mario's predicament. "It's all good, man," Mario told Jimmy.
Persons: Mario Rosemond, Rosemond, Jimmy, Mario, Akon, Sean Kingston, Gucci Mane, Jimmy Rosemond —, Lowell, Lodi Mack, Fletcher, Tupac Shakur, Tupac, Biggie Smalls, Jimmy Rosemond, Saul Goodman, Tommy Davis, Mario stammered, It's, Jimmy Jr, Andrea, Constantin, Johnny Nunez, Rikers, , Slick, Russell Simmons, Benny Medina, Lyor Cohen, Chris Lighty, Mona Scott, Mark Sparks, Shoop, Paul Bergen, Bryce Wilson, Wilson, Mohammed, Tef, Stewart, Little Shawn, Puff Daddy, Pac, Freddie Moore, Moore, Al Pereira, would've, Jimmy wasn't, They'd, didn't, Jimmy didn't, ­ —, Mike Tyson, Lennox Lewis, Wyclef Jean, Garland, Cyrus, THONY BELIZAIRE, Mariah Carey, LL, Missy Elliott, Cent, Tef Stewart, Jimmy Rosemond Jr, Jimmy Sr, Khalil Abdullah, Jimmy Iovine, determinedly, DJ Skee, Mario couldn't, Mario chuckles, he'd, GummyBone, Mario didn't, I'm, freckling, he's, isn't, I've, Jim Brown, Michael K, Williams, Donald Trump, Arturo Holmes, Scott Olson, Trump, Brown, James Rosemond Jr, David Kushner Organizations: FBI, Entertainment, Justice Department, Bronx ., Quad Studios, AP, grandad, Wall, Black Panthers, Junior Mafia, Hollywood, Haiti, Management, Apollo, Lowell, Racing, Interscope Records, Interscope, Feds, Department of Motor Vehicles, DMV, Colombian, York Post, Drug, Administration, NFL, Trump, Stone, Atari Locations: Mexico, Haiti, Brooklyn, Bronx, Cuernavaca, Spanish, Rahway , New Jersey, Port, New York City, Vanderveer Estates, East Flatbush, Rikers, Islam, Miami Beach, New York, New Jersey, East Coast, West Coast, Plainfield , New Jersey, Brandy, Los Angeles, Czar's, Harlem, LA, California, Beverly Hills, San, Tijuana, Mexico City, Colombian, San Diego, Manhattan
Colombian artist Fernando Botero dies at 91
  + stars: | 2023-09-15 | by ( Stefano Pozzebon | Eyad Kourdi | ) edition.cnn.com   time to read: +4 min
CNN —Renowned Colombian artist Fernando Botero, celebrated for his iconic style featuring rotund figures used to convey political critique and satire, has died at the age of 91. The news of his death was confirmed by his daughter, Lina Botero, in an announcement made to various Colombian media outlets on Friday. PL Gould/Getty Images A Botero sculpture in Plaza Botero in Medellin, Colombia pictured on April 15, 2022. The exhibition, titled "Celebration," featured some 80 works by the Colombian artist spanning 60 years of his practise. Vincent West/Reuters "La Gorda Gertrudis," a Botero sculpture depicting a reclining nude woman, on display in Cartagena, Colombia.
Persons: Fernando Botero, Lina Botero, Mona Lisa, PL, Juan Barreto, Vincent West, Gilles Barbier, Luis Eduardo Noriega A, Shutterstock, Shannon Stapleton, Piero della Francesca, della Francesca, Duke, Urbino, Federico da Montefeltro, Battista Sforza, Hwee Young, Nicolas Maeterlinck, Barbara Sax, Juan Mabromata, Gustavo Petro, Damian Dovarganes, Daniel Quintero, Stefano Pozzebon Organizations: CNN —, PL Gould, Getty, Museo, Bellas Artes, Reuters, Museum of Antioquia, National Museum of, Buenos Aires Fine Arts Museum, Twitter, Bowers Museum Locations: Colombian, Botero, Medellin, Colombia, AFP, Bilbao, Spain, Cartagena , Colombia, New York, China, National Museum of China, Beijing, Mons, France, Berlin, Buenos Aires, Argentina, Medellín, Abu Ghraib, Iraq, Santa Ana , California, Bogota, Eyad
Colombian painter and sculptor Fernando Botero sits underneath one of his sculptures during a stroll with Medellin's Mayor Federico Gutierrez (not pictured) in Medellin, Colombia January 27, 2017. REUTERS/Fredy Builes/File photo Acquire Licensing RightsBOGOTA, Sept 15 (Reuters) - Colombian artist Fernando Botero, whose sculptures and paintings of playful, rotund subjects in sometimes harrowing situations made him one of the world's richest artists, has died at 91. "Fernando Botero has died, the painter of our traditions and defects, the painter of our virtues. Although widely known for his large subjects, Botero insisted his pieces were not focused on body type. As an artist, Botero sought to make his work accessible, donating over 200 works to create the Botero Museum in Bogota, which is free and receives half a million visitors a year.
Persons: Fernando Botero, Federico Gutierrez, Fredy, Picasso, Botero, lounging, Abu, Gustavo Petro, Spain's, Manuel Marulanda, Mona Lisa, Fernando Botero Angulo, Dali, Monet, Sophia Vari, Colombia's, Julia Symmes Cobb, Diane Craft, Angus MacSwan Organizations: Medellin's, REUTERS, Rights, Spain's El Mundo, Revolutionary Armed Forces, The New York Times, Museum, Colombia's El Tiempo, Thomson Locations: Medellin, Colombia, Rights BOGOTA, Colombian, U.S, Bogota
Cocaine is set to become Colombia's top export this year, edging out oil products, according to a note from Bloomberg Economics. Revenue derived from Colombia's cocaine business is nearing $20 billion, ahead of the country's $19.1 billion in 2022 oil exports. Cocaine production in Colombia is at its highest level since 1991 amid lenient policies from Colombian President Gustavo Petro. Fast forward to 2022, and Colombia's cocaine industry generated an estimated $18.2 billion in export revenues, just behind oil export revenue of $19.1 billion. With the country's oil exports dropping 30% in the first half of this year, and its cocaine industry still growing steadily, Bloomberg estimates that 2023 will be the year when Colombia's cocaine revenues outpace revenues from oil.
Persons: Gustavo Petro, Felpi Hernandez, That's, Hernandez Organizations: Bloomberg Economics, Get, Service, Bloomberg Locations: Colombia, Colombian, Wall, Silicon
Every step through the jungle, there is money to be made. A guide on the treacherous route once you start walking: $170. A porter to carry your backpack over the muddy mountains: $100. Special, all-inclusive packages to make the perilous slog faster and more bearable, with tents, boots and other necessities: $500, or more. They are politicians, prominent businessmen and elected leaders, now sending thousands of migrants toward the United States in plain sight each day — and charging millions of dollars a month for the privilege.
Persons: Biden Organizations: Colombian Locations: United States, South America
Map locates the Darién Gap at the border with Colombia and Panama. Also shown are the towns of Capurganá and Acandí on the northwest Colombian coast, and Necolí , a town on the eastern shore of the Gulf of Urabá. Caribbean Sea Gulf of Urabá PANAMA Panama City Capurganá Acandí Necoclí DARIÉN GAP Colombia Pacific Ocean Medellín 50 miles UNITED States 800 miles Atlantic Ocean Mexico Detail area costa rica VENEZuela Pacific Ocean Ecuador BRAZIL
Organizations: Urabá PANAMA, Urabá PANAMA Panama City, GAP, UNITED Locations: Colombia, Panama, Capurganá, Colombian, Urabá ., Urabá, Urabá PANAMA Panama, GAP Colombia, Mexico, VENEZuela, Ocean Ecuador BRAZIL
[1/4] European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. Von der Leyen, who has been at the head of the bloc's executive Commission since the end of 2019, also said she would appoint an envoy to help small and medium-sized enterprises tackle red tape to make it easier to do business. Lawmakers gave a standing ovation after von der Leyen recounted the fate of Victoria Amelina, a Ukrainian writer and activist who was killed in a Russian attack on Ukraine. An upcoming package to support Europe's wind industry would be aimed at helping the sector as renewable energy companies struggle with steep inflation, von der Leyen said. Von der Leyen also said the wealthy bloc must engage more with African countries and accused Russia of stirring chaos in the Sahel region of the continent.
Persons: Ursula von der Leyen, Yves Herman Acquire, Von der Leyen, von der Leyen, Victoria Amelina, Héctor Abad, Yves Herman, Jan Strupczewski, Marine Strauss, Foo Yun Chee, Kate Abnett, Gabriela Baczynska, Andrew Gray, Julia Payne, Philip Blenkinsop, Ingrid Melander, Nick Macfie, Alex Richardson Organizations: European, European Union, REUTERS, EU, STRASBOURG, EU Commission, Ukraine, Kyiv, Lawmakers, Thomson Locations: Strasbourg, France, Europe, Ukraine, Ukrainian, Colombian, China, Russia, Sahel, Africa, Brussels
Sept 12 (Reuters) - Pop superstar Taylor Swift dominated MTV's annual Video Music Awards on Tuesday, adding nine trophies to her collection as she claimed the top prize for her smash hit song "Anti-Hero". [1/6]Taylor Swift receives the Best Pop award during the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. Stray Kids, a band put together through a reality show, won the best K-pop award, and SZA scored best R&B video for "Shirt". Colombian pop singer Shakira was honored with the Video Vanguard Award for her 20-year career. Later, she and fellow Colombian singer Karol G won best collaboration for "TQG".
Persons: Taylor Swift, Beyonce, Swift, NSYNC, Lance Bass, Justin Timberlake, it's, Brendan Mcdermid, Spice, SZA, Rema, Selena Gomez, Demi Lovato, Lil Wayne, Olivia Rodrigo, Nicki Minaj, Sean, Diddy, Combs, Minaj, Grandmaster Flash, Shakira, Karol G, Lisa Richwine, Shri Navaratnam Organizations: Swift, VMA, MTV, Prudential Center, REUTERS, Video, Thomson Locations: Newark , New Jersey, U.S, Colombian
[1/6] Taylor Swift receives the Best Pop award during the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. REUTERS/Brendan Mcdermid Acquire Licensing RightsSept 12 (Reuters) - Pop superstar Taylor Swift took home the top prize at MTV's Video Music Awards on Tuesday, winning video of the year for her hit "Anti-Hero". Stray Kids, a band put together through a reality show, won the best K-pop award, and SZA scored best R&B video for "Shirt". Colombian pop singer Shakira was honored with the Video Vanguard Award for lifetime achievement. After performing a bilingual medley of her hits including "Hips Don't Lie" and "Whenever, Wherever," the singer saluted her fans.
Persons: Taylor Swift, Brendan Mcdermid, Spice, SZA, Shakira, Lisa Richwine, Shri Navaratnam Organizations: Prudential Center, REUTERS, Video, Thomson Locations: Newark , New Jersey, U.S, Colombian
An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. A monthly report from the Institute of International Finance showed non-residents funneled $14.9 billion out of China stocks, the largest monthly outflow on records back to 2015, while Chinese debt saw $5.1 billion in outflows. The broad MSCI stock and currency emerging market indexes posted in August their largest monthly drops since February. Equities fell across all geographical regions while debt posted inflows in Asia, Latam and emerging Europe. Year-to-date numbers through August show a $13.1 billion outflow from China while emerging markets ex-China has seen $139.5 billion in non-resident portfolio inflows.
Persons: Aly, Jonathan Fortun, Fortun, Rodrigo Campos, Chizu Organizations: REUTERS, China, EMs, Institute of International Finance, China's, Reuters Graphics Equity, Emerging, Thomson Locations: Shanghai, China, outflows, Emerging Asia, Latin, Africa, Middle East, Asia, Europe
It hosts testosterone blood-test "T Parties" with tickets costing from $100 to $400. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. He later told Insider in a message on X that his qualifications include "personal experience boosting my T from 790 to 1090 and peer-reviewed research." In May, Tang held a "T Party" in Colombia where he tested 24 men, according to a post on X. Beyond that, Vinjamoori noted that "a single-minded focus on testosterone might not offer the well-rounded approach needed for optimal health and longevity."
Persons: Jeff Tang, Tang, he'd, it's, Anant Vinjamoori, Vinjamoori, he's, Bryan Johnson's Organizations: Service, Party, Athens Research Locations: Athens, Wall, Silicon, San Francisco, Colombia
Petro, the first leftist president in Colombia's history, closed the Latin American and Caribbean Conference on Drugs, which was held in the city of Cali, by saying that 50 years of a failed war on drugs had resulted in immeasurable bloodshed and pain in Latin America. "It is time to rebuild hope and not repeat the bloody and ferocious wars, the ill-named 'war on drugs', viewing drugs as a military problem and not as a health problem for society," Petro said. Colombia, like other Latin American countries, faces persistent violence resulting from drug trafficking and the presence of cartels with growing firepower and economic might, according to security sources and analysts. They also agreed on the need to break the harmful links between drug and firearms trafficking, transnational organized crime, illegal logging, human trafficking, migrant smuggling, money laundering and corruption. The Mexican president said Latin American countries need to support the United States in its fight against fentanyl out of a "moral obligation" and "humanism."
Persons: Gustavo Petro, Petro, Andres Manuel Lopez Obrador, Lopez Obrador, Luis Jaime Acosta, Raul Cortes, Jackie Botts, Chizu Nomiyama Organizations: Caribbean Conference, Drugs Locations: BOGOTA, Cali, America, Colombian, Colombia, Mexican, United States, Bogota, Mexico City
[1/5] President of Colombia Gustavo Petro speaks during the closing of the Latin American and Caribbean Conference on Drugs "For life, peace and development", during the visit of the Mexican president, in Cali, Colombia September 9, 2023. Petro, the first leftist president in Colombia's history, closed the Latin American and Caribbean Conference on Drugs, which was held in the city of Cali, by saying that 50 years of a failed war on drugs had resulted in immeasurable bloodshed and pain in Latin America. Colombia, like other Latin American countries, faces persistent violence resulting from drug trafficking and the presence of cartels with growing firepower and economic might, according to security sources and analysts. They also agreed on the need to break the harmful links between drug and firearms trafficking, transnational organized crime, illegal logging, human trafficking, migrant smuggling, money laundering and corruption. The Mexican president said Latin American countries need to support the United States in its fight against fentanyl out of a "moral obligation" and "humanism."
Persons: Colombia Gustavo Petro, Gustavo Petro, Petro, Andres Manuel Lopez Obrador, Lopez Obrador, Luis Jaime Acosta, Raul Cortes, Jackie Botts, Chizu Organizations: Caribbean Conference, REUTERS Acquire, Rights, Drugs, Thomson Locations: Colombia, Cali, Colombian, Rights BOGOTA, America, Mexican, United States, Bogota, Mexico City
El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador's debt repurchases last year and a still-light payments calendar were behind a rally that shrank the premium to hold Salvadoran government debt (.JPMEGDELSR) from above 3,200 basis points in July last year to about 1,000 a year later. Katrina Butt, a senior economist at AllianceBernstein, said that even as the size of the investment is yet to be made public, "Google Cloud's announcement could significantly improve macro fundamentals in El Salvador over time". "Though outperformance of El Salvador has been impressive we think the carry is still attractive given the low default risk." BNP's Marshik said the next leg of the rally could come from good news on El Salvador's relationship with the International Monetary Fund - where the United States is the largest shareholder.
Persons: Nayib Bukele, Jose Cabezas, Nathalie Marshik, Katrina Butt, Shamaila Khan, BNP's Marshik, Siobhan Morden, Rodrigo Campos, Nelson Renteria, Angus MacSwn Organizations: El, San Salvador , El, REUTERS, SALVADOR, Reuters, BNP Paribas, Google, United States, U.S . Embassy, Peace Corps, Central American, U.S, Asia Pacific, UBS Asset Management, International Monetary, IMF, Santander US Capital Markets, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, America, Peace, El Salvador's, Asia, United States
The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.
Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian
Cement silos of Colombian cement maker Argos are pictured at a plant in Bogota, Colombia May 14, 2019. REUTERS/Luisa Gonzalez Acquire Licensing RightsSept 7 (Reuters) - Summit Materials (SUM.N) said on Thursday it would buy the U.S. operations of Columbia's Cementos Argos (CCB.CN) for about $3.2 billion in cash and stock, in a deal that would make the combined entity the largest U.S.-based cement producer. Cementos Argos, the core unit of industrial conglomerate Grupo Argos (ARG.CN), will own a 31% stake in Summit and receive $1.2 billion in cash payments, subject to certain conditions. The deal, which is expected to close in the first half of 2024, could lead to annual cost savings of more than $100 million, Summit said. Shares of Summit Materials fell 7.92% in mid-day trading.
Persons: Luisa Gonzalez, Columbia's Cementos, Argos, Summit, Anne Noonan, Morgan Stanley, Ananta Agarwal, Savio D'Souza, Maju Samuel, Shweta Agarwal Organizations: REUTERS, Grupo Argos, Summit, BofA Securities, Thomson Locations: Argos, Bogota, Colombia, U.S, Mid, Atlantic, Texas, Summit
Cement silos of Colombian cement maker Argos are pictured at a plant in Bogota, Colombia May 14, 2019. REUTERS/Luisa Gonzalez Acquire Licensing RightsSept 7 (Reuters) - Summit Materials (SUM.N) said on Thursday it would merge with the U.S. operations of Cementos Argos in a cash-and-stock transaction valued at $3.2 billion, creating the fourth-largest cement platform in the United States. Cementos Argos will receive about $1.2 billion in cash, subject to closing adjustments, and 54.7 million shares of Summit based on its closing price on Wednesday. Argos USA has assets comprising four integrated cement plants, 140 ready-mix plants and eight ports, giving Summit a "significantly improved scale" in high-growth markets. Cementos Argos will own about 31% of the combined company on upon the closing of the transaction.
Persons: Luisa Gonzalez, Cementos, Ananta Agarwal, Savio D'Souza, Maju Samuel Organizations: REUTERS, U.S, Summit, Argos USA, Thomson Locations: Argos, Bogota, Colombia, United States
A person holds a photo of late Haitian President Jovenel Moise, who was shot dead earlier this month, during his funeral at his family home in Cap-Haitien, Haiti, July 23, 2021. REUTERS/Ricardo Arduengo Acquire Licensing RightsSept 7 (Reuters) - A retired Colombian army officer pleaded guilty in a U.S. court on Thursday to conspiring and supporting a plot to kill Haitian President Jovenel Moise, shot dead in his bedroom two years ago, a brazen assassination that created a destabilizing power vacuum. The document also says Rivera provided material support, training and personnel to support Moise's kidnapping or murder. Rivera is one of 11 defendants in the case, which includes businessmen accused of helping obtain vehicles and firearms from Florida. Reporting by Sarah Morland; Editing by David Alire Garcia and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Jovenel Moise, Ricardo Arduengo, German Rivera, Mike, Moise, Rivera, Ariel Henry, Rodolphe Jaar, Martine Moise, don't, Sarah Morland, David Alire Garcia, David Gregorio Our Organizations: REUTERS, U.S, Thomson Locations: Cap, Haitien, Haiti, Colombian, U.S, German, Moise's, Caribbean, Florida, Haitian, Chilean, Miami
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