November 7, 2017 |
Colombia has felt the effects of the wide-reaching bribery scandal involving the Brazilian construction firm Odebrecht, with the fallout impacting the 4G toll road concessions program.
Setbacks aside, Bancolombia once again completed an array of M&A and bond deals in the past year, making it the choice for the Investment Bank of the Year in Colombia.
The bank’s notable advisory work this year include working on the sale of Ecopetrol’s stock in power distributor ISA. But Jean Pierre Serani, the head of investment banking at Bancolombia, say he is particularly proud of the team’s work on Cargill’s acquisition of Pollos El Bucanero in June.
“For Colombia, the driver was and still is infr
Scandals have hurt the investment banking climate in Colombia in 2017, but Bancolombia completed landmark transactions in the M&A space and local bond market.