Grupo Empresarial Antioqueño

The Grupo Empresarial Antioqueño (GEA, Business Group of Antioquia) also known as Sindicato Antioqueño, is a Colombian conglomerate composed by around 125 companies,[1] most of them based in Antioquia Department.

Though, legally speaking, such an entity does not exist, it is commonly regarded as the first Colombian keiretsu.[2][3] It is "controlled" by four main companies: Bancolombia (banking), Grupo Argos (cement, power & infrastructure), Grupo Sura (insurance, financial), and Grupo Nutresa (processed food). The group, through these companies, has 10,000 shareholders.[1] GEA's 2007 income amounts to 5.5% of Colombia's gross domestic product.[4]

On 20230115 the Financial Times reported: 'Regulators are investigating whether the GEA is acting as an “economic group”.'[5]

Companies

Former subsidiaries

References

  1. ^ a b "El mítico GEA" (in Spanish). Revista Semana. 2007-10-20. Archived from the original on 2008-05-05. Retrieved 2008-06-04.
  2. ^ "Formación Virtual - Suramericana" (in Spanish). Retrieved 2008-12-23. [dead link‍]
  3. ^ Franco Restrepo, Vilma Liliana (2006). Capítulo 4. Separación de dominios y configuración de la coalición política dominante (Poder regional y proyecto hegemónico. El caso de la ciudad metropolitana de Medellín y su entorno regional 1970-2000) (PDF). Medellín: Instituto Popular de Capacitación. ISBN 958-97830-3-1..
  4. ^ Gutiérrez, Luis Fernando (2008-05-25). "Salir de las fronteras" (in Spanish). El Espectador. Archived from the original on 2020-10-01. Retrieved 2008-06-04.
  5. ^ "Colombia's $20bn takeover battle turns ugly after year-long fight". Financial Times. 2023-01-15. Retrieved 2023-01-22.
  6. ^ (in Spanish) Cardona Martínez, Uriel (31 December 1899). "Grupo Chocolates Compro a Good Foods en Peru". Retrieved 21 December 2010.


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