German Efromovich is taking control of VarigLog
Written by thomas · Filed Under CommercialAugust 3, 2009
The owner of the Synergy Group has signed an option to acquire control of VarigLog, the cargo arm of Varig, which was acquired by the US fund, Matlin Patterson in 2007. Efromovich acquired Tampa Cargo in Colombia and is building an airline network which includes Avianca, Ocean Air in Brazil, Helicol and SAM in Colombia, VIP in Ecuador and he has a stock option to acquire 80% of Aerogal, also in Ecuador. He announced that Avianca will assume the management of the Synergy Group.
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