Bancolombia : August 31, 2015 Bancolombia S.A. announces closing of the sale of seguros Banistmo Download
September 02, 2015 at 12:17 pm EDT
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RESOLUTIONS FROM THE SUPERINTENDENCY OF FINANCE
BANCOLOMBIA S.A. ANNOUNCES CLOSING OF THE SALE OF SEGUROS BANISTMO
Medellin, Colombia, August 31, 2015
Today, after obtaining all the authorizations required by the authorities and the satisfaction of the relevant condition precedents, Banistmo S.A ("Banistmo"), a subsidiary of Bancolombia, consummated the transfer to Suramericana S.A ("Suramericana") of 100% of the shares of capital stock of Seguros Banistmo S.A, an insurance company incorporated under the laws of the Republic of Panama.
In consideration for such transfer, Suramericana will pay a total purchase price of USD
$96,495,801 today.
Contacts
Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199
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 S.A. 
