TransUnion Netherlands II B.V. completed the acquisition of additional 23.7% in CIFIN S.A. from a group of investors.
May 30, 2016
Share
TransUnion Netherlands II B.V. agreed to acquire additional 23.7% in CIFIN S.A. from a group of investors on February 8, 2016. Group of investors include Banco Bilbao Vizcaya Argentaria Colombia S.A. (BVC:BBVACOL), Banco Davivienda, S.A. (BVC:PFDAVVNDA), Banco Corpbanca Colombia S.A., Banco de Bogota S.A. (BVC:BOGOTA), Bancolombia S.A. (BVC:BCOLOMBIA), Banco de Occidente, S.A., Banco GNB Sudameris S.A., Banco Colpatria Red Multibanca Colpatria S.A., Banco Popular S.A. (BVC:POPULAR), Banco Caja Social S.A., Corporación Financiera Colombiana S.A. (BVC:CORFICOLCF), Citibank - Colombia S.A., Banco Compartir S.A., JP Morgan Corporacion Financiera S.A., Titularizadora Colombiana S.A., Banco de las Microfinanzas-Banamia S.A and María del Pilar Rocha Jaramillo. TransUnion following the conclusion of certain mandatory regulatory processes expects to acquire the remaining shares in 2016. As on May 31, 2016, Bancolombia S.A. (BVC:BCOLOMBIA) sold its stake in CIFIN S.A. to TransUnion Netherlands II B.V. for COP 21.66 billion. Bancolombia S.A. sold 0.035 shares in CIFIN S.A. Inverlink acted as financial advisor to Transunion. Sergio Michelsen Jaramillo of Brigard & Urrutia Abogados acted as legal advisor for Transunion. Jaime Robledo Vásquez of Gómez-Pinzón Abogados acted as legal advisor for María del Pilar Rocha Jaramillo.
TransUnion Netherlands II B.V. completed the acquisition of additional 23.7% in CIFIN S.A. from a group of investors on May 31, 2016.
Banco Bilbao Vizcaya Argentaria Colombia S.A. is a Colombia-based company, which is a private banking institution. The main activity of the Company includes making loans to public and private sector companies and individual loans. It also develops international banking activities, privatizations, financial projects and other banking activities in general, as well as leasing services. The Company's segments include Commercial Banking, Enterprise and Institutional Banking (EIB), Corporate and Investment Banking (CIB) and Assets and Liabilities Committee (COAP). The Commercial Banking segment is responsible for managing the retail business and the segment of individuals. The EIB segment is responsible for the clients of companies and the public sector. The CIB segment is responsible for corporate clients. The COAP segment is the internal banking that manages the Bank's liquidity and sets the transfer prices for resources going to and from all other banking segments.
BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S.A. 
