Aval Prefers Domestic Equity Route
Colombia’s Grupo Aval is preparing to sell COP2.4trn ($1.27bn) in shares through an equity follow-on in the domestic market, it says. Given the conglomerate’s recent M&A activity, such a sale had been expected by the markets, though perhaps through the SEC process for which it registered earlier this year. The plan to issue in the US market will be postponed as Aval focuses first on this local...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.