Bancolombia Completes Purchase of Guatemalan BankIn Guatemala, the business group of South American origin acquired 40% of the shares still owned by BAM Financial Corporation, and consolidated 100% of the assets of the Agromercantil Holding Group.Tuesday, March 3, 2020
Directors of Bancolombia reported that the company will begin the process of authorizations to regulatory bodies and that in the coming days will provide details on the price of shares, according to the contractual rules between the parties who closed the negotiation. Source: prensalibre.com Do you need detailed information on the financial sector? Contact Us.Need assistance? Contact us
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BAC Panama and Multibank to Compete SeparatelyDecember 2019 Although Grupo Aval S.A. de Colombia owns both financial entities, the conglomerate has decided that the two banks will compete separately in the Panamanian market. Guatemala: Banking Panorama - July 2016July 2016 Fitch Ratings notes that the Guatemalan banking system reports one of the lowest rates of delinquency in the region. Grupo Bancolombia is Majority Stakeholder in Grupo AgromercantilJanuary 2016 With the purchase of another 20% stake, Bancolombia Group now holds 60% of the shares of the Group Agromercantil de Guatemala. Bancolombia Buys 40% of a Guatemalan bankDecember 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.
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