Sura Set to Test Colombia ECM Mettle

Sura Set to Test Colombia ECM Mettle

Colombia Equity

With follow-ons from blue chips such as Empresa de Energia de Bogota and Davivienda filling their books, Colombia’s equity market is set be tested with a large deal from Colombia’s Grupo de Inversiones Suramericana. The financial conglomerate has filed to sell 120m shares, which would raise COP4.07trn ($2.19bn) at Friday’s COP33,900 closing price. Details on sale price and opening date for the offer could be announced as soon as today. The challenge, local bankers say, will be off

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