Bancolombia S.A. agreed to acquire additional 47.37% stake in Vlipco for COP 10.5 billion on November 10, 2021.. The acquisition price is ten thousand five hundred twenty million eight hundred seventy-seven thousand four hundred seventy-eight Colombian pesos 10520.877 million. Upon consummation of the acquisition, Bancolombia's existing ownership stake in Vlipco S.A.S. will increase to 100%. Transaction is subject to satisfactory completion of applicable regulatory procedures. It is expected that closing of the transaction will occur before the end of 2021.

Bancolombia S.A. completed the acquisition of additional 47.37% stake in Vlipco for COP 870 million on November 10, 2021.