| Publication Date: | sábado, enero 5, 2008 |
| News Title: | Consortium Centro America Abogados assessed Bancolombia in the acquisition of 9.59% of shares of Banagrícola |
| News Details: | |
Consortium Centro America Abogados through its office in El Salvador advised Grupo Bancolombia in the acquisition of an additional 9.59% of shares from Banagrícola, S.A. owned by Bienes y Servicios, S.A. (BYSSA) for approximately US$88 Million. The lawyers involved in the assessment were partner Ricardo Cevallos and associate Oscar Samour.
Since May 2007, the Colombian financial group owned 89.97% of the capital of the financial conglomerate Banagrícola de El Salvador and with this purchase their participation is up to 98.9% of the holding Salvadoran company. The acquisition process took place through a direct purchase through the Panama Stock Exchange and has been one of the largest transactions in the financial sector in Latin America these days. Consortium Centro America Abogados Offices: Guatemala: Consortium-Rodriguez, Archila, Castellanos, Solares & Aguilar El Salvador: Consortium Centro America Abogados oficina El Salvador Honduras: Consortium-J. R. Paz y Asociados Nicaragua: Consortium-Taboada & Asociados Costa Rica: Consortium-Laclé & Gutiérrez |
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