Compania de Seguros Bolivar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolivar S A S, Grupo Bolívar S.A., Seguros Comerciales Bolivar S.A. and Capitalizadora Bolivar SA acquired a minority stake in Banco Davivienda S.A. from International Finance Corporation for approximately $140 million.
April 16, 2019
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Compania de Seguros Bolivar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolivar S A S, Grupo Bolívar S.A. (BVC:GRUBOLIVAR), Seguros Comerciales Bolivar S.A. and Capitalizadora Bolivar SA acquired a minority stake in Banco Davivienda S.A. (BVC:PFDAVVNDA) from International Finance Corporation for approximately $140 million on April 17, 2019. Gabriel Sánchez, Jaime Herrera and Pablo Martínez of Gómez-Pinzón Zuleta Abogados S.A. acted as legal advisor to Compania de Seguros Bolivar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolivar S A S, Grupo Bolívar S.A, Seguros Comerciales Bolivar S.A. and Capitalizadora Bolivar SA. Posse Herrera Ruiz acted as legal advisor to International Finance Corporation.
Compania de Seguros Bolivar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolivar S A S, Grupo Bolívar S.A. (BVC:GRUBOLIVAR), Seguros Comerciales Bolivar S.A. and Capitalizadora Bolivar SA completed the acquisition of a minority stake in Banco Davivienda S.A. (BVC:PFDAVVNDA) from International Finance Corporation on April 17, 2019.
Grupo Bolivar SA, formerly Sociedades Bolivar SA, is a Colombia-based holding company engaged, through its subsidiaries, in the financial sector. The Company's main activities comprise the investments in real estate properties, stakes in other companies, fixed income bonds and property rights, among others. It is also involved in the commercial banking sector, the development of real estate projects and the provision of a variety of insurance carriers. The Company owns such subsidiaries as Iversora Anagrama Inveranagrama SAS, Inversora Bolivar SAS, Riesgo e Inversiones Bolivar SAS, Construccion y Desarollo Bolivar SAS, CB Bolivar Inmobiliaria SA, CB Hoteles y Resorts SA, Banco Davivienda SA, Leasing Bolivar SA Compania de Financiamiento, Confinanciera SA Compania de Financiamiento, Davivalores SA and Seguridad Compania Administradora de Fondos de Inversion SA, among others. In addition, Asistencia EPIC is the Companyâs majority shareholder.
Compania de Seguros Bolivar S.A., Inversora Anagrama Inveranagrama S.A.S., Inversiones Financieras Bolivar S A S, Grupo Bolívar S.A., Seguros Comerciales Bolivar S.A. and Capitalizadora Bolivar SA acquired a minority stake in Banco Davivienda S.A. from International Finance Corporation for approximately $140 million.
GRUPO BOLÍVAR S.A. 
