Grupo Aval readies US equity sale

Grupo Aval readies US equity sale

Equity

Colombia's Grupo Aval is planning to issue preferred shares in the NYSE, the company said in a regulatory filing to the SEC on Monday. The owner of banking and pension operations including Banco de Bogota said it intends to use the net proceeds from the offering to increase capital in its banking subsidiaries, principally Banco de Bogota. Grupo Aval unveiled plans to sell ADS for the first time in May last year to finance the purchase of assets in Central America and Colombia, but then decided t

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