Grupo Bolivar, owner of Banco Davivienda, has had an active year and in the first quarter its Board of Directors approved the disposal process of its investment in Sura Asset Management. The relationship between Grupo Bolivar and Sura Asset Management dates back to 2011. Since then, the company has held a little more than 9% of the shares in the Grupo Sura subsidiary, a contract in which there were exit conditions. Grupo Bolivar was also on the markets’ radar for the plan to convert a portion of its common shares into preferred shares, to later buy them back from its investors, but it did not prosper.
