Colombia's Grupo Argos sells port company to Goldman Sachs for $136 millionStaff Writer | August 15, 2017
Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million.
Acquisition Compas had an income of 165 billion pesos in 2016
Argos' stake was sold to West Street Infrastructure Partners III, which is run by Goldman Sachs, for 407 billion pesos.
The sale price is two and a half times what Grupo Argos invested in the business in 2012, Argos said in the statement.
Compas had an income of 165 billion pesos in 2016, and its ports have a total capacity of more than 13 million metric tonnes. ■