RE:Finally an acquisition For a company the size of PIF, this is substantial...very substantial given that it offers expansion possibilities in both jurisdictions, while they are simultaneously expanind San Jacinto (binary unit).
Most importantly, it gives geographic/political diversification. Check out government corruption indices by country to see just how messed up much of latin america is.
Also, I'm always of a fan of living minimizing leverage, and now more, with interest rates rising, it's refreshing to see a company announce acquiistions to be funded with cash.
I'm in this long.