Acted for Grupo Bolívar and Compañía de Seguros Bolívar in the negotiation and execution of a share purchase agreement

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GRUPO BOLIVAR AND COMPAÑÍA DE SEGUROS BOLÍVAR WILL SELL THEIR STAKE IN SURA ASSET MANAGEMENT TO GRUPO SURA

Posse Herrera Ruíz acted as legal counsel to Grupo Bolívar and Compañía de Seguros Bolívar in the negotiation and execution of a share purchase agreement to sell their stake in Sura Asset Management to Grupo Sura. The total consideration is estimated at COP1.58 billion. Closing of the transaction is subject to customary regulatory authorizations.

LEGAL ADVISORS
COUNSEL TO GRUPO BOLÍVAR AND COMPAÑÍA DE SEGUROS BOLÍVAR

Posse Herrera Ruiz
Leading Partner(s)     José Alejandro Torres
Other Lawyers            Camilo Lovera

In-House Counsel
Leading Lawyer          María Mercedes Ibáñez

COUNSEL TO GRUPO SURA

In-House Counsel

Leading Lawyer         José Luis Munera
Other Lawyer             Marianella Pulido

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