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Why Multi-Latinas Are Winning

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In 1999, less than half of the largest 500 companies in Latin America were homegrown. By 2007, Latin American firms commanded three out of every four positions in the regional top 500. Today, multi-Latinas, armed with cash, are stepping out of their comfort zone and taking control of debt-laden firms in Europe and the United States. Carlos Slim’s two acquisitions in May –a 28 percent stake in KPN, the ailing Dutch telecom, and all of California-based Simple Telecom– are telling examples. What is behind the success of Latin America’s private sector? It is a vexing question for multinationals, anxious to […]
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