Bancolombia S.A. Announces the Transfer of Assets to Colombia Inmobiliaria
Mon. October 06, 2008; Posted: 07:00 PM
MEDELLIN, Colombia, Oct 06, 2008 /PRNewswire-FirstCall via COMTEX/ --
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PowerRating -- On October 3, 2008,
Bancolombia S.A. (NYSE:
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PowerRating) ("Bancolombia") made an in-kind contribution of
38 real estate properties to private equity fund Colombia Inmobiliaria
("Colombia Inmobiliaria"). The 38 properties are valued at approximately
Ps. 2,034,874,029. Colombia Inmobiliaria will be managed by Bancolombia's
subsidiary Fiduciaria Bancolombia S.A.
In exchange for its contribution, Bancolombia will receive securities
issued by Colombia Inmobiliaria. These securities are expected to be traded on
the Colombian Stock Exchange.
SOURCE Bancolombia S.A.
http://www.bancolombia.com.co
For full details on Bancolombia Sa (CIB)
click here. Bancolombia Sa (CIB) has Short Term PowerRatings of 4. Details on Bancolombia Sa (CIB) Short Term PowerRatings is available at
This Link.
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