Paper: Grupo Aval in talks to buy Banco Unión
Bnamericas Published: Friday, December 23, 2005
Colombian financial group Grupo Aval is negotiating to buy local niche bank Banco Unión, daily Portafolio reported, quoting banking sector sources. The sources said the two parties are close to a deal that could be announced before year-end. The acquisition would boost Grupo Aval's assets by 850bn pesos (US$372mn), according to Portafolio. Banco Unión is a locally owned niche bank focused on the medium-sized corporate and retail markets. Grupo Aval controls three banks and some other financial institutions: Banco AV Villas, Banco de Bogotá, Banco de Occidente, pension fund administrator Administradora de Fondos de Pensiones y Cesantías Porvenir and Leasing de Occidente.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Colombia)
EPM widens Hidroituango insurance coverage
The company has at least three other insurance policies for Colombia's largest power generation project.
Pessimism reigns in Colombia's mining sector
Only a minority of executives and public authorities believe that operations will expand in the next five years.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Peuco Photovoltaic Park
- Current stage:
- Updated:
16 hours ago
- Project: CloudHQ Paulínia data center (GRU technological campus)
- Current stage:
- Updated:
16 hours ago
- Project: Diablillos
- Current stage:
- Updated:
16 hours ago
- Project: Installation of Sixth (VI) Generation Unit (Central Termoeléctrica Barranquilla, Termobarranquilla)
- Current stage:
- Updated:
1 day ago
- Project: Caballos
- Current stage:
- Updated:
1 day ago
- Project: Alameda - Melipilla railway (Melitren)
- Current stage:
- Updated:
15 hours ago
- Project: Mina San Francisco
- Current stage:
- Updated:
15 hours ago
- Project: Encierro
- Current stage:
- Updated:
10 hours ago
- Project: Sol do Canindé photovoltaic power plant
- Current stage:
- Updated:
1 day ago
- Project: Los Llanitos y Jicatuyo hydropower plants
- Current stage:
- Updated:
1 day ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Masivo Silver Corp.
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Tuberfil Indústria e Comércio de Tubos Ltda.  (Tuberfil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Emgesa S.A. E.S.P.  (Emgesa)
-
Emgesa S.A. E.S.P. is a Colombian company engaged in power generation for the wholesale market and industrial clients from the deregulated market. The company was incorporated i...
- Company: Energy Head
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Servicio de Salud Maule
-
Maule Health Service is the health service agency overseeing Chile's Maule region (VII). Its network includes 84 medical establishments, including 13 general hospitals. It is ov...
- Company: Grenergy Renovables Pacific Ltda.  (Grenergy Chile)
-
Grenergy Renovables Pacific Ltda. (Grenergy Chile) is the Chilean unit of Grenergy Renovables SL, a Spanish company that builds and operates PV and wind power plants. The compan...
- Company: Salgado, Melendez y Asociados Ingenieros Consultores S.A.  (Salgado, Melendez y Asociados Ingenieros Consultores)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio GA Energy Services, Coopsa Ambiental, Measure Solutions, Nuova Ghizzoni, Sicilsaldo
-
GA Energy Services Consortium, Coopsa Environmental, Measure Solutions, Nuova Ghizzoni, Sicilsaldo is a company made up of Coopsa Ambiental S.A. de C.V., GA Energy Services, S.A...
- Company: Petroserv Marine Inc.  (Petroserv)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Enterprize Energy Pte. Ltd.  (Enterprize Energy)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...