Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby announces that today the share purchase and sale agreement signed on November 30, 2023 between Grupo SURA and Grupo Bolivar (the Agreement) was duly completed. As announced to the market by means of a relevant information notice published on this same date, the purpose of this Agreement was to purchase shares in SURA Asset Management S.A. (SURA AM) according to the price formula indicated in said communication and subject to the fulfillment of certain conditions precedent1.
Once all conditions precedent were met, including having obtained the necessary regulatory authorizations, the transfer of 254,930 ordinary shares in SURA AM2, representing 9.74% of its share capital, was completed today. With this acquisition, Grupo SURA now holds 93.32% of SURA AM’s share capital, thereby strengthening its presence in the pension savings, investment and asset management segments.
The funds used for paying the second and third installments correspond to a partial disbursement of funds sourced from the lines of credit taken out with Bancolombia and Davivienda, both announced to the market through a relevant information announcement published on March 15, 20243.
We would like to express yet again our gratitude to Grupo Bolivar for a partnership spanning more than 11 years which has allowed us to grow and consolidate SURA AM as a leader in the savings and investment business throughout the region and a strategic company of the SURA Business Group, through which we have helped millions of people in building their financial wellbeing and attaining their wealth goals.
1See relevant information published on November 30, 2024.
2Grupo SURA shall acquire 254,928 shares, whereas its subsidiary Inversiones y Construcciones Estratégicas S.A.S. shall acquire 1 share and the SURA Foundation shall acquire 1 share also.
3See relevant information published on March 15, 2024.
