Bolsa de Valores de Colombia S.A. completed the acquisition of remaining 77.02% stake in Deposito Centralizado De Valores De Colombia Deceval S.A..
December 13, 2017
Share
Bolsa de Valores de Colombia S.A. (BVC:BVC) reach an agreement to acquire remaining 77.02% stake in Deposito Centralizado De Valores De Colombia Deceval S.A. (DECEVAL) for approximately COP 280 billion on February 15, 2017. BVC will issue its 33.5 shares for each share of DECEVAL. The shareholding proportion for the current shareholders of the BVC would be 60% of the total of the integrated entity and for the current shareholders of the DECEVAL 40%.
The transaction is subject to approval of Board of Directors of DECEVAL and BVC, shareholders of DECEVAL and BVC, and is subject to approval by the Financial Superintendence of Colombia, and approval of Superintendence of Industry and Commerce. The Board of Directors of DECEVAL and BVC approved the transaction. The transaction is expected to be completed by second half of 2017. BNPP Colombia Corporation Financiera SA acted as fairness opinion provider for BVC and DECEVAL. Inverlink S.A. acted as financial advisor for BVC and DECEVAL. Brigard & Urrutia S.A.S. acted as legal advisor for BVC.
Bolsa de Valores de Colombia S.A. (BVC:BVC) completed the acquisition of remaining 77.02% stake in Deposito Centralizado De Valores De Colombia Deceval S.A. (DECEVAL) on December 14, 2017.
Bolsa de Valores de Colombia SA (BVC) is a Colombia-based company that manages and operates all securities markets and financial systems for public trading in Colombia. As of December 31, 2010, the Company owned such subsidiaries as Integrados FX SA (SET FX), which provides transactional, listing and spot market information systems and foreign exchange forwards; Derivex SA, which manages a standardized derivates market which its underlying assets are power, fuel and other energetic commodities; and Invesbolsa SAS, involved in the investment in high-potential growth companies. In addition, the Company held minor interests in Camara de Riesgo Central de Contraparte SA, Deceval SA and Camara de Compensacion de Divisas SA. Furthermore, It controls Sophos Banking Solutions.
BOLSA DE VALORES DE COLOMBIA S.A. 
