Grupo Aval Eyes US Equity Sale

Grupo Aval Eyes US Equity Sale

Colombia Equity

Colombia’s Grupo Aval is planning to sell shares in the US, according to a regulatory filing, in what would be an IPO of its ADS. The owner of banking and pension operations including Banco de Bogota has indicated a $100m size in the documents, though it is not bound to this amount and the eventual deal should be much larger – if its previous plans for a US offer are any indication. JPMorgan and Goldman Sachs have been hired to manage. Each ADS will represent a to-be-determined number of Aval’s

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