GrupoSura Adds Grupo Bolivar to ING Deal

GrupoSura Adds Grupo Bolivar to ING Deal

Colombia M&A

The Colombian Grupo de Inversiones Sudamericanas (GrupoSura) has taken on Sociedades Bolivar as a second minority shareholder in the pension and insurance business it recently acquired from ING for $3.76bn. Sociedades Bolivar, part of the Grupo Bolivar holding company which includes interests in the finance, insurance and construction businesses, has agreed to pay $400m for a 10% stake in the business. Last week, GrupoSura added the World Bank’s International Finance Corporation (IFC) as a partn

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