Grupo Aval (AVAL) shifts 52.8% Corficolombiana ownership into Ficentro vehicle
Rhea-AI Filing Summary
Grupo Aval Acciones y Valores S.A. reports an internal restructuring of its ownership in Corporación Financiera Colombiana S.A. (Corficolombiana). Grupo Aval, Banco de Bogotá, Banco de Occidente and Banco Popular (the “Contributing Shareholders”) have contributed in kind all their Corficolombiana common shares, representing 52.80% of Corficolombiana’s outstanding share capital, to Corporación Financiera Centroamericana S.A. (Ficentro), a Panamanian company within the Aval Financial Conglomerate.
The Contributing Shareholders now hold directly 100% of Ficentro’s share capital and, through Ficentro, indirectly hold the same 52.80% interest in Corficolombiana. Banco Popular S.A. will continue to act as the consolidating entity of Corficolombiana under an existing shareholders’ voting agreement among the Contributing Shareholders.
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Key Figures
Key Terms
in-kind contributions financial
book value financial
consolidating entity financial
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