conglomerates

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=50 BGCOLOR="#336699" TEXT="#080000"> <div> <A HREF="index.htm" TARGET="_top" TITLE="Gringos Guide to Colombia"><U>Colombia</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=125 BGCOLOR="#A6CAF0" TEXT="#080000"> <div> < <A HREF="economy.htm" TARGET="_top" TITLE="economy"><U>back to economy</U></A> </div> <div> Greece, Colombia and Mexico have the highest concentration of corporate ownership  <I>-Forbes</I></div> <div> $1.4 billion may not seem like much when compared to Gates and Buffet, but the numbers are estimates only. And purchasing power parity means a dollar goes a long way in Colombia<I>.</I></div> </td> <td valign="top" height=430 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> conglomerates</div> <div> <TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" WIDTH="600" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 546 WIDTH="598"><div> <B>Sindicato</B><B> </B><B>Antioqueño/</B><B>Gr</B><B>upo Empresarial Antioqueño</B></div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Bancolombia, SurAmericana insurance, Nacional de Chocolates, Argos cement, Noel crackers, Dulces de Colombia, Colombiana de Tabaco, Zenu meat products, Exito and Pomona stores, etc.</div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Estimated 150 companies and 85,000 employees; controls 25% of nation's financial sector.</div> <div> <A HREF="http://www.surainversiones.com/Portafolio.aspx" TARGET="_top" TITLE="http://www.surainversiones.com/Portafoli"><U>www.surainversiones.com</U></A></div> <bR> <div> <B>Jimmy Mayer, Inversiones Sanford/HCH Managment Co.</B></div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Mayer is the lead investor of Inversiones Sanford, a holding company of 16 manufacturing enterprises with annual sales in excess of US $800 million. They produce PVC resins, polypropylene and vinyl films, carbon black, phosphoric acid, paints, laminates, light bulbs, wire and cable. </div> <div> <A HREF="http://www.petco.com.co/petcoWeb/petcoWebUIEN/index.aspx" TARGET="_top" TITLE="http://www.petco.com.co/petcoWeb/petcoWe"><U>www.petco.com.co</U></A> </div> <bR> <div> <B>Luis Carlos Sarmiento, Grupo Aval</B></div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Age 71, self made, banking, married, five children, net worth $1.4 billion (2004 estimate)*</div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Banking empire includes Banco de Bogotá, Banco de Occidente, Banco Comercial AV Villas, Administradora de Fondos de Pensiones y Cesantías Porvenir and Leasing de Occidente. Also has interests in telecommunications and real estate. </div> <div> <A HREF="http://www.aval.com.co/" TARGET="_top" TITLE="http://www.aval.com.co/"><U>www.aval.com.co</U></A> </div> <bR> <div> <B>Julio Mario Santo Domingo, Valores Bavaria and </B><B>Grupo Empresarial Bavaria</B></div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Age 80, inherited and growing, married, three children, net worth $1.4 billion (2004 estimate)* </div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Owns a 70% interest in the beer company, which has a monopoly in Colombia, Peru, Ecuador and Panama ( 98%, 99%, 95% and 80% market share, respectively).</div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Valores Bavaria (non-beverage assets) owns Caracol radio and TV and half of Avianca. In March 2003 its 51% interest in the Sofasa auto assembly plant was sold to Renault, Toyota and Mitsui.</div> <div> <A HREF="http://www.bavaria.com.co/ingles/general/index.php" TARGET="_top" TITLE="http://www.bavaria.com.co/ingles/general"><U>www.bavaria.com.co</U></A></div> <bR> <div> <B>Car</B><B>los Ardila L</B><B>ü</B><B>lle, Organización Ardila Lülle</B></div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Age 74, self made, married, no children, net worth $1.3 billion (1999 estimate)* </div> <div> <IMG BORDER="0" SRC="Wing0a73007700c800000000.gif" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Postobon soft drinks; Pepsi, 7-Up, Canada Dry and Gatorade bottling franchises; RCN radio and television; forest products; textiles; packaging and more.</div> <div> <A HREF="http://www.postobon.com/PostobonSA/organizacion/organizacion.asp" TARGET="_top" TITLE="http://www.postobon.com/PostobonSA/organ"><U>www.postobon.com</U></A></div> <bR> <div> *The biographical data and net worth estimates are from <I>Forbes </I>magazine.</div> </tD> </tR> </TABLE></div> <bR> </td> </tr></table></body>