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PacRu Makes Colombian Buy

Jun 6, 2012

Pacific Rubiales has agreed to acquire fellow Toronto-listed Colombian oil and gas company PetroMagdalena for CAD253m ($244m), it says. Pacific Rubiales is paying CAD1.60...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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