Grupo de Inversiones Suramericana S.A. (Grupo SURA) announces that it has closed the recent acquisition of 100% of the share capital belonging to the trust company, Gestión Fiduciaria S.A on the part of its subsidiary SURA Asset Management S.A. (SURA AM) and the latter’s own subsidiary, SURA Investment Management S.A.S. (SURA IM) from the sellers Rienza S.A.S., Compañía Mercado de Capitales S.A.S. and other minority shareholders, this having obtained the corresponding authorization from the Colombian Superintendency of Finance and satisfied the closing terms and conditions as stipulated in the corresponding Share Purchase Agreement.
The amount paid for this newly acquired company came to COP 11,000 million.
Gestión Fiduciaria S.A., domiciled in Cali, Colombia, is duly authorized by the Colombian Superintendency of Finance to operate as a trust company. This acquisition shall allow SURA AM to expand the investment capabilities of its different lines of business in this country, this as part of its regional value-added offering.
This official announcement supplements the relevant information released by Grupo SURA to the market on 1 November 2019, as relates to the entering into of the corresponding Share Purchase Agreement.