Pursuits
Central American Billionaires Discovered Amid Citi Asset Sales
Ortiz is chairman of Managua-based Grupo Promerica and in his two decades running the business has expanded it to nine countries in Central America and the Caribbean.
Source: Grupo PromericaThis article is for subscribers only.
Flanked by compatriots in linen guayabera shirts, Camilo Atala puffed on a Rocky Patel cigar and soaked in the Caribbean breeze at the Indura Beach & Golf Resort in northern Honduras.
The group was gathered to discuss child migration while Atala, who co-owns the resort, finalized a deal to buy some of Citigroup Inc.’s assets in Nicaragua. Atala had bought Citigroup’s Honduran operations a year earlier, a move that helped turn his Grupo Financiero Ficohsa into the biggest financial conglomerate in Honduras.