Goldman Sachs fund buys into Colombian port operator

Goldman Sachs fund buys into Colombian port operator

An investment fund administered by Goldman Sachs has paid Grupo Argos $136m to take a 50% stake in a Colombian port operator.

Compania de Puertos Asociados, known as Compas, moves principally coal and cement. With two port terminals in Cartagena, one in Buenaventura, one in Barranquilla, one in Tolú and two more in Panama and Houston Compas is the only Colombian port organisation that is operating in both the Atlantic and the Pacific.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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