Cafeteros de Colombia To Sell 25% of Avianca

Cafeteros de Colombia is negotiating the sale of its 25% stake in local airline Avianca to mayor shareholder Brazilian company Sinergy. The deal is said to be worth $23 million. Industrialist Germán Evromovich, who owns Sinergy, also has controlling stakes in Ocean Air de Brasil, Vispa in Ecuador and a 49% stake in Wayra Perú.