Colombian investment group GrupoSura will bring minority partners including the International Finance Corp into its $3.7 billion purchase of ING Groep's Latin American assets, company president David Bojanini said on Monday. GrupoSura began issuing $2.1 billion worth of preferred stock on Monday to finance the deal. While it has the cash flow and bank loans to pay for the rest, it has chosen to b...
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 total value of COP 3.9 billion.
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Colombian holding company
GrupoSura SIS.CN has set a price of 32,500 pesos ($17.44) per
share for its issue of preferred shares on Monday, a sale that
could raise $2.1 billion to pay for part of its acquisition of
ING assets....
ING announced today that it has reached an agreement to sell its Latin American pensions, life insurance and investment management operations for a total consideration of approximately EUR 2,680 million to Grupo de Inversiones Suramericana (“GRUPOSURA”). The sale is the first major step in the divestment of ING’s insurance and investment management activities.
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