Panama: Slaughterhouse Seeks Investment Partner


News from Panama / Tuesday, April 19th, 2016

slaughter house

Public Private Investment Opportunity Announcement

The Municipality of La Chorrera will be hearing offers from private companies interested in operating a meat processing plant in the municipality through a joint venture.

In order to prevent the closure of the plant, municipal authorities are assessing creating a joint venture with a private company interested in operating the slaughterhouse, which because it does not have a treatment plant can only sell processed meat within the province. Spokespeople for the municipality indicated that so far “… they have received four proposals from companies interested in forming a joint venture.”

Prensa.com reports that “…Eliecer Montenegro, president of the Municipal Council, said that the mayor was authorized to negotiate with any company interested in the slaughterhouse, but they are seeking the interests of officials and the municipality. ”

“… The economic burden which the operations of the municipal slaughterhouse in La Chorrera represents, an entity which losses more than $100,000 a year, is not sustainable for the mayor of this district. “