Colombia has three companies among the 50 largest multilatinas in the region, according to the IDB
Ecopetrol's profits may have fallen in the second quarter. Photo: Courtesy: Ecopetrol
TL;DR
- Ecopetrol ranks 6th, Almacenes Éxito 44th, and Grupo Nutresa 47th among Latin American multilatinas by sales, according to an IDB report.
- These Colombian companies operate in sectors such as energy, retail, and food processing.
- Brazil and Mexico dominate the top positions in the ranking, but Colombia is among the five countries with the highest concentration of multilatinas.
- Multilatinas collectively undertook over 320 greenfield investment projects annually between 2013 and 2023, exceeding $14 billion USD.
- Most surveyed multilatinas do not plan to relocate investments or substitute suppliers due to geopolitical or environmental changes in the short term.