Bancolombia (CIB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Bancolombia S.A. plans to restructure its corporate framework by establishing a new holding company, Grupo Cibest S.A., aimed at optimizing capital and enhancing business flexibility. This move will allow Bancolombia to remain a financial entity, while Grupo Cibest will become the parent company, maintaining shareholders’ rights and share structures. Both entities’ shares will continue to be traded on the Colombian and New York stock exchanges.
For further insights into CIB stock, check out TipRanks’ Stock Analysis page.