The once strong man of Avianca Holdings Germán Efromovich, returned to the Colombian business scene with new investments not only in the country’s hotel sector, where it controls the Movich chain, but also in the commercial aviation industry and agribusiness. He announced, for example, investments of more than 50 million dollars in the La Gloria farm, to promote the development of a biofuel and food plant.
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The investor said that these investments will contribute an important share in the generation of employment in the country, since it will allow the opening of 600 new direct jobs. in a sector in which, along with a group of investors that supports it, they have been since 2008.
Nowadays, Glory Farm It has more than 150 million dollars invested, more than 1,600 families, 1,000 direct employees and 600 suppliers, among other social and industrial benefits that this project brings to the Caribbean region (Cesar department), the businessmen specified.
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Efromovich, who remained silent for several years following leaving the Avianca Holdings board of directors in 2019, said that the investor group he represents will buy Teka’s stake in the Movich hotels, while preparing a new deal. landing in the commercial airline industry of the country, since he indicated that in the medium or long term, they have in view to bring AeroItalia a Colombia., a company he helped create., but of which he is not a shareholder
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