Merger Between Subsidiaries
As part of the framework currently being pursued by Grupo SURA to simplify its corporate structure (announced to the market in several occasions before), Grupo de Inversiones Suramericana S.A., following a request from the Colombian Superintendency of Finance hereby announces that its subsidiary Sura Asset Management S.A. (hereinafter SURA AM), domiciled in Colombia, has initiated a merger whereby Sura AM, (the absorbing company) shall take over SUAM Finance B.V. (the absorbed company), the latter domiciled in Curacao.
Since the Absorbing Company is the sole shareholder of the Absorbed Company, no exchange of shares or portions of stock is involved and so its effect on the consolidated financial statements of both SURA AM and Grupo SURA shall be neutral.