Boom in business acquisitions in Colombia during the first quarter
Agribusiness and technology had acquisitions in the first quarter. Photo: iStock
TL;DR
- Colombia saw 22 M&A transactions in Q1 2026, with a transaction value of US$4.384 million, a 178% increase in value despite a 55% drop in deal volume.
- Frontera Energy acquired Parex Resources' exploration and production business in Colombia for US$500 million plus debt assumption and contingent payments.
- Veritas Resources bought the El Alacrán copper project for US$128 million, and Mineros acquired the La Colosa gold project for US$70 million.
- Grupo Gilinski invested US$107 million for a 20% stake in Geopark, with an option to increase it to 32%.
- Holcim acquired a cement plant, grinding facility, and concrete/aggregate operations for US$485 million.
- Millicom acquired 67.5% of Movistar (Colombia Telecomunicaciones) for US$241.4 million.
- Grupo Falabella bought minority shares in its Colombian retail, banking, and insurance businesses from Grupo Corona for US$159 million.
- Cencosud acquired 51% of the Plaza Central shopping mall in Bogotá for $459,000 million.
- Unilever is selling its home care business in Colombia and Ecuador to Alicorp and plans to merge its global food business with McCormick & Company.