Davibank approves transfer of assets to Davivienda for up to 30% of HDI shares

▤ Summary

Davibank approved the partial, no-liability transfer of its assets, liabilities, and contracts to Banco Davivienda. In exchange, Davibank will receive up to 30% of the shares that Banco Davivienda holds in Davivienda Internacional, the regional holding company. The deal still needs a non-objection decision from Colombia’s financial regulator. The agreement also gives absent or dissenting partners a voluntary withdrawal right tied to a future bylaws reform.

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