Mexican firm seeks $380 million from Honduras over blocked unit – Reuters News Agency
Business & Finance
14 April 2023, 4:27 pm 1 minute
Documents exclusively reviewed by Reuters revealed that Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking around $380 million from the Central American country, claiming that it violated foreign investment protections.
When JLL sought more control of its CA Capital affiliate through a capital increase, they slashed minority shareholders’ stake to 0.02% from 39.98%.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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