Grupo Aval Buys 94.5% of FiduCFC
Ticker: AVAL · Form: 6-K · Filed: Dec 18, 2024 · CIK: 1504764
| Field | Detail |
|---|---|
| Company | Grupo Aval Acciones Y Valores S.A. (AVAL) |
| Form Type | 6-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, financial-services, fiduciary
TL;DR
Grupo Aval just bought a huge chunk of FiduCFC for COP 2,636.32/share.
AI Summary
On December 16, 2024, Grupo Aval Acciones y Valores S.A. announced it acquired 94.5% of the ordinary shares of Fiduciaria Corficolombiana S.A. (FiduCFC) from Corficolombiana S.A. and Valora S.A.S. The acquisition price was COP 2,636.32 per share.
Why It Matters
This acquisition signifies a consolidation within Colombia's financial sector, potentially impacting market competition and service offerings in fiduciary services.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a completed acquisition, not indicating new or elevated risks.
Key Numbers
- 94.5% — FiduCFC Shares Acquired (Represents majority control of the fiduciary company.)
- COP 2,636.32 — Price Per Share (The specific cost for each ordinary share of FiduCFC.)
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Acquiring company
- Fiduciaria Corficolombiana S.A. (company) — Acquired company
- Corficolombiana S.A. (company) — Selling shareholder
- Valora S.A.S. (company) — Selling shareholder
- COP 2,636.32 (dollar_amount) — Price per share
- December 16, 2024 (date) — Date of disclosure
FAQ
What is the total value of the acquisition?
The filing does not state the total value of the acquisition, only the price per share (COP 2,636.32) and the percentage of shares acquired (94.5%).
When was the acquisition finalized?
The filing does not specify the exact closing date of the acquisition, but it was disclosed on December 16, 2024, and relates to information from December 11, 2024.
Who are the sellers of FiduCFC shares?
The sellers are Corficolombiana S.A. and Valora S.A.S.
What is the significance of FiduCFC?
FiduCFC is a fiduciary company, and Grupo Aval's acquisition of a significant stake indicates a strategic move in the financial services sector.
Is this a new acquisition or a previously announced one?
The filing states that Grupo Aval informs that 'in accordance with the relevant information disclosed by the Company on December 11', it has acquired the shares, suggesting it's a confirmation or update on a recent transaction.
Filing Stats: 300 words · 1 min read · ~1 pages · Grade level 8.8 · Accepted 2024-12-18 06:12:56
Filing Documents
- dp222261_6k.htm (6-K) — 12KB
- image_002.jpg (GRAPHIC) — 4KB
- image_001.jpg (GRAPHIC) — 4KB
- 0000950103-24-017919.txt ( ) — 24KB
From the Filing
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 December 2024 Commission File Number: 001-36631 Grupo Aval Acciones y Valores S.A. (Exact name of registrant as specified in its charter) Carrera 13 No. 26A - 47 Bogotá D.C., Colombia (Address of principal executive office) 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 X Form 40-F GRUPO AVAL ACCIONES Y VALORES S.A. TABLE OF CONTENTS ITEM 1. Notice of relevant information dated December 16, 2024 Item 1 RELEVANT INFORMATION Bogotá, December 16, 2024. Grupo Aval Acciones y Valores S.A (“Grupo Aval” or the “Company”) informs that in accordance with the relevant information disclosed by the Company on December 11, Grupo Aval has acquired 94.5% of the ordinary shares of Fiduciaria Corficolombiana S.A. (“FiduCFC”) from Corficolombiana S.A. and Valora S.A.S. at a price of COP 2,636.32 per share. The agreement executed between the parties includes an option for Grupo Aval to acquire an additional 5.5% of FiduCFC’s shares within a six (6) month period. Additionally, the Company acquired 40.77% of the ordinary shares of Casa de Bolsa S.A. from Corficolombiana S.A. and Organización Pajonales S.A. at a price of COP 2,421.56 per share. An independent valuation firm was engaged by the participating entities to support the transaction. 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. Date: December 16, 2024 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Adrián Rincón Plata Title: Chief Legal Counsel