Bancolombia Acquires Interbolsa

Interbolsa’s assets, liabilities and contracts have been acquired by Bancolombia in order to ensure the stable operation of the public debt market and Colombia’s payment system.

Tuesday, November 6, 2012

A statement from the Financial Supervision reads:

FINANCIAL SUPERVISOR AUTHORIZES MEASURES WITHIN THE TAKEOVER PROCESS OF INTERBOLSA SCB

- Authorization has been given for Interbolsa SCB to transfer to Bancolombia its operations of future performance, repurchase agreements and sell/buy-back transactions backed by TES, ensuring stability in the operation of the public debt market and payment system.

Bogotá, November 6, 2012. - The Financial Supervisor promoted during the weekend mechanisms to advance a transfer of assets, liabilities and contracts of the stock brokerage company Interbolsa SA in order to protect the stability of the operations in the market.



More on this topic

Costa Rica: Financial Firm Changes Ownership

June 2019

Financiera G&T Continental Costa Rica announced the sale of 100% of its shares to a group of Central American investors.

Precise the relevant fact published on June 19 by the Superintendencia General de Valores (Sugeval), which completes the purchase-sale of the "... shares of the entire capital stock of Financiera GT Continental Costa Rica S.A. by the company called 3-101-771084 S.A."

Bancolombia Buys 40% of a Guatemalan bank

December 2012

Grupo Bancolombia has agreed to acquire 40% of the ordinary shares of Grupo Financiero Agromercantil, with the possibility of acquiring a controlling interest in the medium term.

A statement of Grupo Bancolombia reads:

Grupo Bancolombia acquires 40% of Grupo Financiero Agromercantil of Guatemala – BAM - and strengthens its presence in Central America.

New Owners for Interbolsa Panama?

November 2012

After the liquidation of the parent company in Colombia, Panamanian securities authorities expect the subsidiary in Panama to be incorporated by another local entity.

On the subject, the superintendent of Panamanian market, Alejandro Abood, said "we expect another registrant TO absorb Interbolsa’s business in Panama, but so far we have no information on whether a decision has been taken."

Forced Liquidation of Interbolsa Brokerage Firm

November 2012

Having determined that there are no viable alternatives for the entity to continue developing its objective, it will be liquidated.

A statement from the Financial Superintendence of Colombia reads:

SUPERINTENDENT OF FINANCE ORDERS COMPULSORY LIQUIDATION OF THE BROKERAGE AGENCY INTERBOLSA SA

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