PANAMA
CITY, Republic of Panama, May 23, 2024
/PRNewswire/ -- Banco Latinoamericano de Comercio Exterior
(Bladex) announced today the successful closing of a
US$500 million Club Deal Long Term
Facility for Grupo De Inversiones Suramericana, S.A.
Bladex acts as Joint Lead Arranger along with
BBVA, Itaú, Banco General y Citibank in a landmark transaction in
Colombia. The funds from the
facility will be used to finance the Public Tender Offer (OPA)
launched by Grupo Sura for the
acquisition of the remaining shares of Grupo Nutresa, as well as
other transaction-related expenses. This transaction holds immense
relevance in Colombia, as it will
culminate in an exchange of shares between Grupo Sura and the majority shareholders of
Grupo Nutresa.
Jorge Pareja, Bladex´s country
manager in Colombia stated:
"Bladex is very pleased to have successfully subscribed the
long-term Club Deal for Grupo Sura
and to support the company in financing the OPA launched by
Grupo Sura to purchase Grupo Nutresa
shares to finalize the share exchange process between Grupo Sura and Grupo Nutresa. This transaction
marks Bladex strong relationship with one of Colombia and Latin
America's largest business groups. Additionally, it is a
historic transaction for the private sector. The credit line is a
clear demonstration of Bladex's appetite for the Colombian market.
This line adds to our track record of over 74 syndicated/Club deals
transactions arranged by Bladex in the Latin American region".
Bladex, a multinational bank originally established by
the central banks of Latin-American and Caribbean countries, initiated operations in
1979 to promote foreign trade finance 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, supporting the regional expansion
and servicing its customer base, which includes financial
institutions and corporations. Bladex is listed on the NYSE in
the United States of America
(NYSE: BLX), since 1992, and its shareholders include: central
banks and state-owned banks and entities representing 23 Latin
American countries; commercial banks and financial institutions;
and institutional and retail investors through its public
listing.
Grupo de Inversiones Suramericana S.A. (BB+ and BB+ by
S&P and Fitch respectively) is a Colombian investment
manager that develops with a long-term vision a solid investment
portfolio focused on financial services and growth potential in
Latin America, through leading
companies in insurance, savings, asset management and banking,
complemented with industrial investments. Their three core
investments are:
- Suramericana, a specialized player in the insurance industry,
which, as a trend and risk manager, provides capabilities to people
and companies in nine countries. It is the third largest
insurance company of Latin American origin measured in terms of
written premiums
- SURA Asset Management, an expert player in pension, savings,
investment and asset management industries, with a presence in six
countries. It leads the regional pension industry and is
currently positioning itself as an investment platform for its
institutional and corporate clients in LATAM
- Bancolombia, a company in which Grupo SURA is the main
shareholder, offering specialized and complementary universal
banking services as the leading bank in Colombia with subsidiaries in Central America
For further information, please contact:
Bladex:
Felipe Suarez –
SVP, Head of Loan Structuring & Syndications
E-mail address: fsuarez@bladex.com
Head Office Address: Torre V, Business Park, Ave. La Rotonda,
Urb. Costa del Este,
Panama, Republic of Panama
www.bladex.com
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)
