economy
November 7, 2025
Fallece Piero Coen Montealegre, empresario nicaragüense
Esta madrugada murió en la ciudad de Guatemala el empresario nicaragüense Piero Coen Montealegre, propietario de la empresa AirPak, entidad que opera a Western Union en Nicaragua.
TL;DR
- Piero Coen Montealegre, owner of AirPak and Western Union in Nicaragua, passed away in Guatemala City.
- He was originally from Chinandega, Nicaragua, and was the father of Piero Coen Ubilla, who had his nationality revoked by the Nicaraguan government.
- Coen Montealegre began his career at 13, planting cotton, after his father lost the family fortune.
- He faced significant hardship, going to school barefoot and working various jobs.
- His entrepreneurial success began with cotton farming, leading him to become a major producer in Central America.
- During the 1980s, his properties were confiscated by the Sandinista government, leading him to exile in El Salvador.
- In exile, he started a currency exchange business, which evolved into acquiring the Western Union franchise in 1990.
- He later served as a diplomat for Nicaragua, with postings in Italy, Israel, Austria, and other countries.
- Grupo Coen, his family's conglomerate, has diverse interests including cattle ranching, agriculture, real estate, construction, and industry.