Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby reports that its core subsidiary SURA Asset Management S.A. (SURA AM) and the latter´s own subsidiary SURA Investment Management S.A.S. (SURA IM) acting in their capacity as buyers, have signed a share purchase agreement with the companies Rienza S. A.S., Compañía Mercado de Capitales S.A.S. and other minority shareholders, in their capacity as sellers, in order to acquire 8,500,000 ordinary shares, corresponding to a 100% stake in the share capital belonging to Gestión Fiduciaria S.A.
The value of this transaction comes to COP 11 billion and is subject to authorization being issued by the Colombian Superintendency of Finance, as well as the fulfillment of other customary closing conditions as specified in the aforementioned agreement.
Grupo SURA shall hold an indirect stake in this newly acquired entity, through SURA AM, SURA Investment Management S.A.S. and other entities that form part of the SURA Business Group.
Gestión Fiduciaria S.A., is a company domiciled in Cali, Colombia, that has been incorporated as a trust company and is duly authorized to operate by the Colombian Superintendency of Finance. This new acquisition shall allow SURA AM to expand the investment capabilities of its business in this country, as part of its value offering with regional reach.