Report of Foreign Issuer (6-k)
November 01 2016 - 6:11AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2016
Commission File Number 001-32535
Bancolombia S.A.
(Translation of registrant’s name
into English)
Cra. 48 # 26-85
Medellín, Colombia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
þ
Form 40-F
o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(2):___
Indicate by check mark whether the registrant by furnishing
the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes
o
No
þ
If “Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-
.
BANCOLOMBIA
S.A. ANNOUNCES THE EFFECTIVENESS OF THE SALE OF 50% OF A SUBSIDIARY ANNOUNCED IN JULY 2015
Medellin,
Colombia, October 31st, 2016
Earlier
today Bancolombia announce that, after obtaining all the required regulatory approvals, the sale agreement announced on a press
release on July 1
st
, 2015, pursuant to which Bancolombia S.A (“Bancolombia”), the Fondo de Empleados of
Grupo Bancolombia - FEBANC and Fundacion Bancolombia, (together, the “Sellers”), transferred to Almacenes Éxito
S.A (“Almacenes Exito”) and Almacenes Éxito Inversiones S.A.S (together, the “Buyers”) 50% of the
shares of Compañia de Financiamiento Tuya S.A (“Tuya”), entered into effect. The total purchase price of the
transaction was COP 79,037,598,569, which was received today by the Sellers.
Pursuant
to this transaction Bancolombia and Almacenes Exito consolidated their strategic partnership which began in 2003, in order to
strengthen consumer credit and develop financing models through Tuya.
As
a result of this transaction:
|
1.
|
Tuya is no longer under the
exclusive control of Bancolombia, and will now be jointly controlled by the strategic partners.
|
|
2.
|
Tuya’s shares formerly
owned by Grupo Bancolombia will now be owned by Bancolombia and its subsidiaries Banca de Inversión Bancolombia S.A. Corporación
Financiera and BIBA Inmobiliaria SAS.
|
This
transaction will not have material impact on the dividends that Grupo Bancolombia receives as a shareholder of Tuya, since the
commercial and business conditions pursuant to which the strategic partnership with Almacenes Exito was established will remain
unchanged.
Contacts
|
|
|
|
Jaime A. Velásquez
|
Jose Humberto Acosta
|
Alejandro Mejía
|
|
Strategy and Finance VP
|
Financial VP
|
IR Manager
|
|
Tel.: (574) 4042199
|
Tel: (571) 4885934
|
Tel.: (574) 4041837
|
|
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
BANCOLOMBIA S.A.
(Registrant)
|
Date: October 31, 2016
|
By:
|
/s/ JAIME ALBERTO VELÁSQUEZ B.
|
|
|
Name:
|
Jaime Alberto Velásquez B.
|
|
|
Title:
|
Vice President of Strategy and Finance
|
Bancolombia (NYSE:CIB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bancolombia (NYSE:CIB)
Historical Stock Chart
From Sep 2023 to Sep 2024