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Medellín, May 16, 2012. As of May 31, 2012, Morgan Stanley Capital International (MSCI) shall be including GRUPO SURA's preferred share, issued at the end of last year, in its MSCI Colombia Index, which is a basket of Colombian stocks providing an important benchmark for institutional investors wishing to invest in Colombia. GRUPO SURA's preferred share is also registered with the ADR Level 1 ...
Medellín, April 26, 2012. Today GRUPO SURA reported its financial results for Q1 2012. Profits came to COP 178,233 million (USD 99.5 million), showing a YoY growth of 135%, which went over and above that forecast by the Company, thanks mainly to the results posted by SURA Asset Management, the Group´s sub-holding, representing the assets recently acquired from ING, as well as SURAMERICANA, its in...
Today we concluded the negotiations by means of which the Bancolombia Group has become a co-investor in the recent acquisition on the part of GRUPO SURA of the ING Group´s Latin American assets. Consequently Bancolombia is now participating in all those businesses acquired in Mexico, Chile, Peru, Uruguay and Colombia and which are handled by our new sub-holding SURA Asset Management.
The Ba...
Today SURA Mexico, a subsidiary of GRUPO SURA, Latin America's No. 1 pension fund and a major player in the region´s insurance, savings and investment sectors, is proud to inaugurate its art exhibition, Abstraction 2012, at the El Carmen Museum. This consists of a representative sample belonging to the Company’s private collection.
39 different works of art are on display, including paint...
- GRUPO SURA is set to pay out more than COP 70,600 million to its ordinary and preferred shareholders between April 9 and 20.
- GRUPO SURA’S preferred shares are entitled to an annual dividend of COP 975 each, divided up into four payments of COP 243.75 payable on a quarterly in arrears basis. As for Grupo Sura´s ordinary shares, the annual dividend is set at COP 308 each, payable in four i...
· The net profit of GRUPO SURA increased to USD 171.3 million, while assets totaled USD 11.1 billion, an 18.8% increase compared to December 2010.
· The soundness of the portfolio with the addition of the new assets strengthens the company's strategy.
· GROUP SURA continues to make progress in its purpose to consolidate acquired operations and strengthen its position ...
Lima, Peru. On Wednesday, 21 March the executive chairmen of GRUPO SURA and SURA Asset Management, David Bojanini and Andrés Castro, respectively, participated in the first Board of Directors meeting of SURA Asset Management, the recently created company that administers pension, insurance, and investment fund assets acquired from ING in Mexico, Colombia, Chile, Uruguay, and Peru.
In additi...
· Around 377 young professionals in Medellin and its surrounding areas will receive intensive English classes aimed at strengthening their competences therefore allowing them to be better prepared to successfully take on the new challenges of this global society.
· More than 2,600 individuals applied for the program, called Strengthening Competitiveness through Bilingualism.
...
With its common stock listed on the Level 1 ADR program for more than three years now, Grupo de Inversiones Suramericana – GRUPO SURA – shall be extending this program today, March 9, to cover its new preferred, non-voting shares. These ADRs shall be traded on the OTC (“Over-the-Counter”) market in the United States, under the symbol “GIVPY”
Each of GRUPO SURA´s ADRs shall represent one (...
Washington, D.C., January XX, 2012—IFC, a member of the World Bank Group, and the IFC African, Latin America and Caribbean Fund announced their support to Grupo SURA’s expansion strategy in Latin America by investing in Grupo de Inversiones Suramericana España S.L to help stimulate savings and pension management in low- to middle- income households and strengthen the region’s pension and insura...
Now that our international expansion program is firmly underway, our corporate identity shall now receive a new makeover. Although we shall continue with our longer corporate name, as officially registered, from now on we shall be using the shorter version, GRUPO SURA, in all that relating to our corporate image and communications.
This new branding shall help to more clearly define the r...
IFC and the IFC African Latin American and Caribbean Fund, LP (the IFC ALAC private equity firm) formalized their participation as co-investors for the assets acquired by GRUPO SURA in a total of 5 Latin American countries.
Medellín, January 18, 2012. Today representatives of the International Finance Corporation (IFC), a member of the World Bank Group met with GRUPO SURA´s senior manageme...
The process of internationalization of GRUPO SURA is bringing changes in one of the company's vice-president positions as well as new announcements on the integration of the regional sub-holding company that is now heading up the recently acquired businesses.
Andres Bernal Correa (B.S. in Business Management from EAFIT University and MBA from Babson College), has served as Vice President fo...
· This payment corresponds to the period January to March of this year and shall continue until the 15th of this month.
· This is the fourth and last payment of dividends as declared by the Shareholders at their Annual Ordinary Meeting held in March 2011, this corresponding to the Company´s ordinary shares.
· These dividends shall be paid out through the Colombian Ce...
With Acquisition Becomes the No. 1 Player in the Latin American Pension Fund Sector
GRUPO SURA confirms the entrance of General Atlantic as co-investor
Medellin, december 29th, 2011, GRUPO SURA has become the largest pension fund player in Latin America with one of the most important insurance and investment operations within the region. The regulatory authorities in Colombia, Mexico, Ch...
Medellin, December 19, 2011. Mexico´s Ministry of Finance and Public Credit, National together with its National Banking Commission and National Retirement Savings System Commission have now issued their respective authorizations for Grupo de Inversiones Suramericana -GRUPOSURA-, to proceed to purchase the shares belonging to ING Pensiones S.A. de C.V.; ING Investment Management (México) S.A. d...
Medellin, December 16, 2011. Chile´s Superintendency of Securities and Insurance has now authorized GrupoSura´s acquisition of the insurance firm ING Seguros de Vida S.A. while its Superintendency of Pensions has also issued its authorization to purchase the pension fund firm, Administradora de Fondos de Pensiones Capital S.A., both companies domiciled in said country.
Having obtained due a...
With the placement deadline having expired at 11:00 p.m. on Tuesday November 22nd, GRUPOSURA is pleased to announce that based on the preliminary figures obtained thus far, the total amount of preferred shares placed comes to COP 3.5 billion. This has been the largest placement ever carried out by a private company in the history of Colombia, and we would like to take advantage of this opportun...
Medellín, November 19, 2011. Sociedades Bolívar has confirmed its intention to participate as a co-investor, with a total of USD 400 million, in the acquisition of ING´s Latin American assets on the part of Grupo de Inversiones Suramericana. Here good progress is being made with obtaining the required official authorizations in order to close the deal at the end of 2011.
“We are especially ...
Medellín (Colombia), October 31, 2011 – As of today and until November 22, GRUPOSURA shall be offering local and international investors the opportunity to become part of one of the top investment companies in Colombia through an issuance of 120 million non-voting shares with preferred dividend (preferred shares) which shall be launched on the local stock market at COP 32.500 per share for a to...
Medellín, October 14, 2011. The International Finance Corporation – a member of the World Bank Group – has shown its interest in becoming a co-investor in GRUPOSURA´s acquisition of the pension, insurance and investment fund assets belonging to the ING Group in Chile, Mexico, Uruguay, Peru and Colombia.
The possibility of the IFC taking part in the largest acquisition in history on the part of...
Today, GRUPOSURA announced its financial results for 2010, which showed a net profit of COP 696.266 million, with a growth of 56.1% compared to 2009, showing a strong performance of its insurance subsidiaries, as well as an excellent flow of dividends and interest received from the non controlling investments.
In the balance sheet, the assets of the Company continued to excel, reaching COP 18...
In compliance with the duty to disclose Relevant Information, Grupo de Inversiones Suramericana S.A. informs that that the International Finance Corporation IFC – Group of the World Bank, has included in their projects to assess, their participation as co-investor in Grupo de Inversiones Suramericana’s acquisition of the assets of ING in Latin America, to strengthen the private pension funds ma...
GRUPO DE INVERSIONES SURAMERICANA
OBTAINS INTERNATIONAL INVESTMENT GRADE
• Today GRUPOSURA held its Annual Shareholders´ Meeting where it
announced that it had obtained a BBB- rating from the firm, Fitch Ratings.
• The Company also highlighted the results obtained for this past decade
where shareholders´ equity rose 37 fold and assets increased 28 times.
• The Group´s purp...
Grupo de Inversiones Suramericana was admitted to the index in the first application that it filed.
The Organization has an established record as one of the leaders in corporate sustainability in Colombia and Latin America.
Grupo de Inversiones Suramerica was included in the 342 companies that comprise the Dow Jones Sustainability Index, positioning itself as one of the leading ...
This well-known international firm awarded its international Baa3 rating to Seguros de Vida and Seguros Generales Suramericana. This is the highest international rating that a Colombian insurance firm has ever received for its robust financial position, and is even higher than Colombia´s own country rating This new international investment grade joins the Triple A rating that Surameri...
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