After Grupo Sura and Grupo Argos announced the signing of a memorandum of understanding to seek formulas to end their reciprocal participations, a model known as the Grupo Empresarial Antioqueño (GEA), The shares of both companies soared on the Colombian Stock Exchange.
(Read: The CEOs of Sura and Argos talk about their new era after the stock shake-up).
Sura’s preferred security (PFGRUPSURA) is the most valued of the day, with a growth of 6.25%. The stock is trading at $25,627.
For its part, Sura’s ordinary title rises 4.39% and is trading at an average price of $37,615. Likewise, the Grupo Argos share gains 2.86% at a price of $20,818.
(See: Separation of cross shares will be equitable to shareholders, according to Sura and Argos).
This Wednesday night, the companies confirmed that they concluded a spin-off agreement so that they are independent, do not have cross-shareholdings and can make specialized investments in the sectors to which they are dedicated.
PORTFOLIO
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