Uruguay is becoming a growing option for Chilean business people and investors given the political climate and favorable economic scenario of the Mercosur member, while conditions in the Pacific nation are rapidly deteriorating under political stress and adverse conditions for business, according to Santiago economic media.
Asset management firm IG4 Capital has acquired a 50% stake in Abastecedora del Comercio (Adelco), the largest distributor of consumer products in Chile, in a joint venture with Grupo Gibraltar.