BANCOLOMBIA : AND LEASING BANCOLOMBIA ANNOUNCE THE NON-OBJECTION OF THE SUPERINTENDENCE OF FINANCE OF COLOMBIA REGARDING THE MERGER PROCESS BETWEEN BOTH COMPANIES
September 21, 2016 at 03:13 am EDT
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BANCOLOMBIA AND LEASING BANCOLOMBIA ANNOUNCE THE NON-OBJECTION OF THE SUPERINTENDENCE OF FINANCE OF COLOMBIA REGARDING THE MERGER PROCESS BETWEEN BOTH COMPANIES
Medellin, Colombia, September 19, 2016
Bancolombia and Leasing Bancolombia announce that the Superintendence of Finance of Colombia through the Resolution 1171 of September 16, 2016 declared its non-objection to the merger process pursuant to which Bancolombia will absorb its subsidiary Leasing Bancolombia Compañia de Financiamiento (absorbed company), which was announced to the public last June 20th, 2016.
After this announcement, the merger proposal will be presented to the shareholders of both companies for their approval at the Shareholders' meetings called for September 20, 2016.
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 19 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 September 2016 07:13:02 UTC.
Original documenthttp://www.grupobancolombia.com/wps/wcm/connect/74fd5ae5-7b5b-4d45-828e-08c9ee663375/Bancolombia+and+Leasing+announce+No+objection.pdf?MOD=AJPERES&CVID=lt7F-ks
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Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
BANCOLOMBIA : AND LEASING BANCOLOMBIA ANNOUNCE THE NON-OBJECTION OF THE SUPERINTENDENCE OF FINANCE OF COLOMBIA REGARDING THE MERGER PROCESS BETWEEN BOTH COMPANIES