Corporación Multi Inversiones
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Corporación Multi Inversiones (CMI) is a multinational agro-industrial corporation based in Guatemala. The firm was founded as a family business by Juan Bautista Gutierrez in the 1920s, and according to an article in El Diario de Hoy, one of the largest circulating newspapers in El Salvador, is one of the most powerful corporations in Central America. CMI currently comprises over 300 companies and now accounts for more than 30,000 employees, operating in 13 countries within seven divisions:
- Wheat milling, which produces and distributes flour, pasta and cookies;
- Poultry and processed meats, which produces and distributes poultry, pork products and animal foods;
- Fast food, which includes Pollo Campero, a fried chicken fast food chain with more than 335 restaurants in 11 countries;
- Real estate, which develops and builds housing projects, office buildings and shopping malls;
- Finance, which includes banking and financial services; and
- Infrastructure, which is involved with hydroelectric power generation plants.
- Telecommunications, where they own 40% of the operations of Movistar in Guatemala, El Salvador, Nicaragua and Panamá after closing a deal for $500 million US dollars.
Juan Luis Bosch Gutierrez and Juan José Gutiérrez currently lead CMI as co-presidents of the company, and comprise the governing body of the organization, together with Dionisio Gutierrez Mayorga and Felipe Bosch Gutierrez.
- Telefónica Press Office. "Telefónica reaches an agreement with Corporación Multi Inversiones to sell 40% of its assets in El Salvador, Guatemala, Nicaragua, and Panama". Retrieved 30 April 2013.
- CMI web site(English language)