Grupo Rios (Colombia) in talks to acquire Chilean Express de Santiago Uno

Grupo Rios, the Colombia based conglomerate, is in talks to acquire Chilean mass transportation company Express de Santiago Uno. Grupo Rios is currently restructuring the conglomerate's management and is preparing a strategy to spur growth in Chile through acquisitions. The group is already in advanced negotiations and, following the deal, may seek to merge Express de Santiago Uno with Alsacia, its mass transportation subsidiary. Express Santiago Uno, the operator of the Troncal 4 bus line, has annual revenues of USD 34m.