An update from Bancolombia ( (CIB) ) is now available.
On March 4, 2025, Bancolombia S.A. announced that the Financial Superintendence of Colombia approved significant changes to its corporate structure, including the creation of a holding company named Grupo Cibest S.A. The resolution allows for the merger of Sociedad Beneficiaria BC Panamá S.A.S. into Bancolombia and the distribution of certain assets to Grupo Cibest. These changes, which were initially announced in October 2024, aim to streamline operations and enhance the company’s market positioning. The approvals will be presented for shareholder consideration at an Extraordinary General Shareholders’ Meeting scheduled for April 23, 2025.
More about Bancolombia
Bancolombia S.A. is a prominent financial institution based in Medellín, Colombia, operating primarily in the banking industry. It offers a wide range of financial services, including commercial banking, investment banking, and asset management, with a focus on serving both individual and corporate clients in Colombia and other Latin American markets.
YTD Price Performance: 29.00%
Average Trading Volume: 353,809
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.29B
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