Colombia's largest bank Bancolombia has bought an additional 38.96 per cent of local factoring company Comercia's outstanding shares for pesos 17.241bn (US$6.7m)
On May 8, 2006, BANCOLOMBIA S.A., by means of a transaction duly authorised by the Superintendency of Finance of Colombia, acquired from Textiles Fabricato Tejicondor S.A., 55.61% of the outstanding shares of Comercia S.A. Commercial Financing Company
According to a filing to the local stock exchange, Colombia's largest bank Bancolombia has bought a 98.57% stake in the country's eighth largest factoring company
Bancolombia S.A. has revealed that that it has issued a proposal for the acquisition all of the outstanding shares (15,398,934) of factoring company...
The Inter-American Investment Corporation (IIC) has approved a credit line of up to US$30m for Colombian state-owned export development bank Banco de Comercio Exterior