The Latin American Bank for Foreign Trade (Bladex) announced the successful closing of a long-term Club Deal for US$500 million for Grupo Sura.
Bladex acted as Joint Lead Arranger along with BBVA, Itaú, Banco General and Citibank. The funds from the facility will be used to finance the takeover bid launched for the acquisition of the remaining shares of Grupo Nutresa and for other expenses associated with the transaction.
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Bladex said that this transaction is relevant in Colombia since, At the end of the takeover bid, an exchange of shares will be carried out between Grupo Sura and the majority shareholders of Grupo Nutresa.
Jorge Pareja, manager of Bladex in Colombia, said that “Bladex is very pleased to have successfully signed the long-term Club Deal for Grupo Sura and to support the company in financing the purchase of Grupo Nutresa shares to complete the process. exchange of shares between Grupo Sura and Grupo Nutresa”.
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Bladex said that the credit line is a demonstration of the entity’s appetite for the Colombian market. “This line adds to our credentials of more than 74 syndicated operations organized by Bladex in the Latin American region.”
NYSE.
AFP
Bladex is a multinational bank originally established by the central banks of the countries of Latin America and the Caribbean, which began operations in 1979. with the purpose of promoting foreign trade financing and economic integration in the region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico and the United States of America, and a representation license in Peru, to promote regional development and serve its client base, which includes financial institutions and corporations.
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The financial entity based in Panama is listed on the New York Stock Exchange(symbol: BLX) since 1992 and its shareholders include: central banks and state banks and entities of 23 Latin American countries, commercial banks and financial institutions, as well as institutional and individual investors through its stock market listing.
HOLMAN RODRÍGUEZ MARTÍNEZ
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