Medellin, Colombia, June 20, 2016
Today, the Board of Directors of Bancolombia S.A and Leasing Bancolombia S.A Compañia de Financiamiento, approved the initiation of a merger process pursuant to which Bancolombia will acquire its subsidiary specialized in leasing business.
The merger, which seeks to take advantage of the synergies and complementarities between both companies, the achievement of increased looking for efficiencies and a better value proposal to Grupo Bancolombia´s clients, is expected to close during the third quarter of 2016.
After obtaining all the authorizations required by the Superintendence of Finance of Colombia, the merger proposal will be presented to the shareholders of both companies for their approval.
In the appropriate time, Bancolombia and Leasing Bancolombia will publish a press release regarding the terms of the merger and call for a shareholders meeting.
Contacts Jaime A. Velásquez | Jose Humberto Acosta | Alejandro Mejía |
Strategy and Finance VP Tel.: (574) 4042199 | Financial VP Tel: (571) 4885934 | IR Manager Tel.: (574) 4041837 |
Bancolombia SA published this content on 20 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 June 2016 07:25:01 UTC.
Original documenthttp://www.grupobancolombia.com/wps/wcm/connect/d2fe8dc0-3090-4b92-b05d-735797498ba7/Bancolombia+and+Leasing+announce+the+initiation+of+a+merger+process.pdf?MOD=AJPERES&CVID=llOW7Tv
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