Update on the selling transaction agreed
Grupo SURA hereby announces that, as part of the selling process agreed between its affiliates Suramericana S.A. (Buyer) and Sura Asset Management S.A.(Seller) for the transfer of the 100% of Seguros de Vida Sura Mexico S.A. de C.V's shares, the Governing Board of the National Insurance and Securities Commission of Mexico ( Comisión Nacional de Seguros y Fianzas de México ) preliminarily authorized the transaction, subject to the verification of some final regulatory requirements.
The effective transfer of the corresponding shares is also subject to a favorable ruling from the Mexican Federal Commission for Economic Competition (COFECE) as well as to the completion of the conditions precedent agreed between the parties.
In this manner, the regulatory approvals process before the Mexican authorities to complete the transaction is moving forward in due form.