Bloomberg News

Colombia Stocks: Bancolombia, Grupo de Inversiones Suramericana

January 06, 2012

Jan. 6 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. local time.

The IGBC Index fell 0.3 percent to 12,932.56, while the Colcap Index dropped 0.4 percent to 1,599.69.

Bancolombia SA (PFBCOLO CB), Colombia’s biggest lender, fell 3.2 percent to 27,300 pesos, a six-week low, after the company said it plans to raise as much as 1.66 trillion pesos $882 million) in a share sale starting today. The Medellin-based lender will offer to sell 64 million non-voting preferred shares at 26,000 pesos each to current shareholders between today and Jan. 27, it said in a statement late yesterday. Shares that aren’t sold in Colombia will be offered abroad as level 3 American depositary receipts, according to the statement.

Grupo de Inversiones Suramericana SA (GRUPOSUR CB), the parent company of Bancolombia, rose 0.3 percent to 32,400 pesos.

--Editor: Marie-France Han

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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