Medellín, October 23, 2014
Bancolombia S.A. ("Bancolombia" or the "Bank") announces that, following the transfer to Bancolombia of all the assets, contracts and liabilities of its subsidiary Factoring Bancolombia S.A. ("Factoring Bancolombia"), which was announced on October 15, 2014, and the consolidation of the invoice discounting business as a factoring business division of Bancolombia, the Bank began the process of voluntary dissolution and liquidation of Factoring Bancolombia. Consequently, Factoring Bancolombia has ceased to be a credit establishment supervised by the Colombian Superintency of Finance (Superintendencia Financiera de Colombia) and an issuer in capital markets.
As a consequence of the liquidation, Bancolombia, which held, directly or indirectly, 99.9% of the capital stock of Factoring Bancolombia prior to such liquidation, will receive the restitution of its capital contributions to Factoring Bancolombia.
Contacts | ||
Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199 | Jose Humberto Acosta Financial VP Tel: (571) 4885934 | Alejandro Mejía IR Manager Tel.: (574) 4041837 |
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