Grupo Sura and Argos Shares Drop as Corporate Split Concludes
5 Articles
5 Articles
The shares of Grupo Sura and Grupo Argos of Colombia are falling in the market of Bogotá while the companies conclude an expected corporate split and their listing resumes on Monday.The ordinary shares of Grupo Sura fell by almost 20% and those of Grupo Argos lost 35%, as the operators revalued the shares after the disintegration of the complex structures of cross-participation that united the two companies for decades. Both companies resumed th…
Pension funds now hold the majority share, but analysts say they will have to make adjustments to the Act.
A historic decision in the business community of Antioquia is made with the release of the so-called GEA, Grupo Empresarial Antioqueño, after the division of Grupo
Grupo Argos and Grupo Sura completed the process of division. Image: file Valora Analitik After the implementation of the divisions in which the shareholders of Grupo Argos received $10.8 billion in shares of Grupo Sura. With the opening of the market on 28 July the portfolio of ordinary shareholders of Grupo Argos has grown by 7,7 %, while that of the preferential shareholders has been valued by 11,5 %. This weekend ended the split by absorptio…
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