Sura Launches FO

Sura Launches FO

Colombia Equity

Colombia’s Grupo de Inversiones Suramericana has launched a COP3.9trn ($2.09bn) domestic equity follow-on, seeking funds to pay for its acquisition of ING’s LatAm pension fund and insurance assets. The conglomerate is selling 120m preferred non-voting shares at COP32,500 each, during an order period closing November 22. The price represents a 3.1% discount from the COP33,545 moving average price during the month prior to Sura’s board’s approval of the sale, and a 0.85% discou

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