GrupoSura Takes WB as Stakeholder in ING Deal

GrupoSura Takes WB as Stakeholder in ING Deal

Bonds Structured Finance Colombia M&A

Colombia’s Grupo de Inversiones Suramericana (GrupoSura) has agreed to take on the World Bank as a minority stakeholder in its recent $3.76bn (EUR2.68bn) purchase of ING’s Latin American pension and insurance assets. The International Finance Corporation (IFC), the World Bank’s investment arm, has paid $200m for a 5% stake in the business, the company confirmed. A GrupoSura official said the Colombian financial holding is also contemplating as many as two additional minority partners in the deal

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