IMAP Colombia advised Grupo Tagarópulos, a Panamanian family group with investments in different sectors including retail, energy, and real estate on the sale of ZAZ Food Stores and Bannaba Coffee to Grupo Rey for an undisclosed amount.
Grupo Rey is a Panamanian company founded in 1958 that owns a network of 51 supermarkets, 76 pharmacies and 2 large production centers. Grupo Rey was later acquired by Ecuadorian conglomerate Corporación Favorita for $201.3 million.
Grupo Rey’s new convenience store segment will play an important role in Corporación Favorita’s growth plans, as it has been Panama’s best performing retail segment in the past 5 years.
IMAP is pleased to announce that Zephyr Trading has acquired Skandiaverken Group (SKV). Terms of the transaction were not disclosed.
The Company was founded in 2010 by Andreas Wedberg and André Svensson, who together simplified the way to efficiently produce and market glass railings. Via the company’s websites in 7 countries, customers design and order customized products that are delivered directly to their door.