Monday , October 25 2021

Of which are the 10 largest companies in Latin America


At the international level, the rating is dominated by American companies, but Chinese companies continue to grow rapidly. Credit: GETTY Pictures

As the first economy in the region,


This is the country that has the largest number of enterprise giants in Latin America, but it is not the only one. Among the 10 largest companies in the region, there are also those that come




, According to the Global 2000 ranking prepared by Forbes Magazine, which includes the world's 2,000 largest companies.

How do they determine which ones are the largest? A group of analysts gives companies listed on the stock exchange four factors: sales, profits, assets and market value. Following these criteria, Global 2000 analyzes companies from 60 countries.

For the first time since 2015, China and the United States share the top ten. But the US continues to control the number of corporations included in the ranking, with 30% of the total.The first place on the list was taken over by the Chinese bank ICBC, followed by China Construction Bank JPMorgan US Chase.

At the Latin American level, these are the 10 largest companies: Itau Holdings, Bradescu, Wali, Banco Do Brasil, Petrobras, Ecopetrol, America Móvil, Femsa, GF Norte and Grupo Mexico.

1. Itaú Unibanco Holdings

  • Sales: US $ 62.3 million
  • Earnings: $ 7,500 million
  • Assets: $ 437,600,000
  • Market value: $ 87,000 million

With headquarters in Sao Paulo, it employs 99,300 people and its manager is Candido Bracher. Banco Itaú became one of the largest financial conglomerates in the Southern Hemisphere when it acquired Unibanco in 2008. It offers services to individuals and enterprise customers. He owns Rede, one of Brazil's largest payment systems.

After the merger with Unibanco, Itaú became a huge banking
After the merger with Unibanco, Itaú became a huge banking Credit: GETTY Pictures

2. Banco Brasco

  • Sales: $ 76,500 million
  • Revenues: $ 4,700 million
  • Assets: $ 370.600 million
  • Market value: $ 61,300 million

With 98,800 employees, Radasco operates in the financial market through two sectors: banking and insurance, pension and pension services. It is the second largest bank in Latin America at market value.

Octavio de Lazari, the company's chief executive, said he would increase lending by at least 10% next year, with the expectation that the new government would promote policy in favor of the market.

3. Okay

  • Sales: $ 34,100 million
  • Earnings: $ 4,600 million
  • Assets: $ 94,400 million
  • Market value: $ 77,400 million

Vale Company is one of the largest mining companies in the world – with activity in 30 countries – and the largest producer of iron ore. The headquarters of Rio de Janeiro employ 69,300 people and its CEO is Fabio Schwarzman.

In 2015 he denounced his alleged responsibility for the social-environmental disaster caused by breaking a dam of waste material from a mine in the state of Minas Grays.

It is the second largest bank in Latin America at market value
It is the second largest bank in Latin America at market value Credit: GETTY Pictures

4. Banco Do Brasil

  • Sales: $ 55 million US
  • Revenues: $ 3,400 million
  • Assets: $ 412,800 million
  • Market value: $ 27,800 million

The Banco do Brasil S.A. It is a financial institution involved, where the federal government is the majority shareholder. Its shares are traded on the Sao Paulo Stock Exchange. Its CEO is Paulo Caffarelli and the number of employees reaches 100. 622 people.

Former president of Banco do Brasil, Petrovars, Aldemir Bedzin, was sentenced to 11 years in prison for corruption and money laundering crimes.

5. Petrobras

  • Sales: US $ 90 million
  • Earnings: $ 642 million
  • Properties: $ 248 million
  • Market value: $ 92,600 million

One of the world's largest oil companies, Petrobras of Brazil, is a state-owned company. Petrobras was founded in 1953 for decades and it became the pride of the country, until it was exposed to a huge corruption plot for payment of bribes from the construction company Odebrecht to obtain public contracts.

Aldemir Bedzin, who ran Petrobras between 2015 and 2016, was sentenced for his participation in a scandal whose focus was in Brazil, but spread to several Latin American countries.

Vale is the largest producer of iron ore in the world.
Vale is the largest producer of iron ore in the world. Credit: GETTY Pictures

6. Ecopetrol

  • Sales: $ 19,400 million
  • Earnings: $ 2,800 million
  • Assets: $ 42,500 million
  • Market value: $ 45,700 million

The Colombian oil and gas company employs 8,800 people. Its headquarters are in Bogota and its director is Felipe Fredo. The firm operates in three commercial areas: exploration and production; Refinement and petrochemicals; Transportation and logistics services.

Is one of the main oil companies in Latin America, a public public company, linked to the Ministry of Mines and Energy.

7. America leads

  • Sales: $ 54,600 million
  • Earnings: $ 624 million
  • Assets: $ 78,700 million
  • Market value: $ 57,800 million

A Mexican company in the telecommunications sector, especially telephony and television payers. It has more than 190,000 employees and its director is Daniel Abomard. In Mexico it is known for its Telcel brand.

It is located in Brazil, Colombia, Argentina, Paraguay, Uruguay, Chile, Peru, Ecuador, Peru, Guatemala, El Salvador, Honduras, Nicaragua, Panama, Costa Rica, the Dominican Republic and Puerto Rico. He also developed business in the United States.

The Banco do Brasil S.A. This financial institution involved.
The Banco do Brasil S.A. This financial institution involved. Credit: GETTY Pictures

8. Femsa

  • Sales: $ 25,200 million
  • Earnings: $ 2,100 million
  • Assets: $ 31,300 million
  • Market value: $ 31,200 million

Fomento Económico Mexicano has 295,000 employees and its headquarters is in Monterey, Mexico. Its CEO is Miguel Silva, which is mainly engaged in the production, distribution and marketing of beverages, selling the brands of giant Coca-Cola, including soft drinks, water, juices, coffee, milk and other products.

The firm also operates OXXO stores in Mexico and other retail businesses. Femsa also offers maintenance and logistics services. It sells refrigerators to companies that sell beverages and the food industry. It has operations in Mexico, Central America, Colombia, Venezuela, Brazil, Argentina, Costa Rica, Guatemala, Nicaragua, Panama and the Philippines.

9. GFNorte

  • Sales: $ 9,100 million
  • Earnings: $ 1,400 million
  • Assets: $ 76,200 million
  • Market value: $ 16,100 million

Grupo Financiero Banorte SAB de CV operates in the banking sector. Business banking services, life insurance and damage and management of pension funds. She also manages financial resources of individuals and corporations through the Casa de Bolsa Banorte Ixe and the Iorte Foundation Banorte Operator. Her headquarters is in Monterey. It employs nearly 30,000 people.

State-owned Petrobras was at the center of the scandal on bribery of construction company Odebrecht.
State-owned Petrobras was at the center of the scandal on bribery of construction company Odebrecht. Credit: GETTY Pictures

10. Grupo Mexico

  • Sales: $ 10,200 million
  • Earnings: $ 1,700 million
  • Assets: $ 26,700 million
  • Market value: $ 22,600 million

It is a mining company based in Mexico City that employs more than 30,000 people. Grupo México develops commercial activities in mining metals, exploration, exploitation of mineral and non-metallic minerals. It provides transportation services to the railway sector and develops infrastructure projects, operates oil drilling, construction of power stations and production services in the construction sector in general.

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