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

Davibank's General Shareholders' Assembly unanimously approved the partial transfer of assets, liabilities and contracts to Banco Davivienda. In return, Davibank will receive up to 30% of the shares in Holding Davivienda Internacional.

The transaction will proceed under the Organic Statute of the Financial System and remains subject to non-objection by Colombia's Superintendencia Financiera.

PricewaterhouseCoopers prepared the net value calculations as an independent expert. The firm will update the final figures at the execution date or the accounting close agreed by the parties.

The assembly also granted the right of withdrawal to absent or dissenting shareholders. This right may be exercised from June 12, 2026, and up to 30 days after the future assembly that reforms Davibank's statutes.

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Illustration of Colpensiones president demanding transfer of pension funds in a government meeting.
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Colpensiones demands transfer of over 27 trillion pesos from private funds

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Colpensiones president Jaime Dussán demanded during the Council of Ministers the immediate transfer of more than 27 trillion pesos from private pension funds to the public entity for affiliates who switched to the public regime.

Davivienda announced it will enable immediate business transfers to Bancolombia, Banco de Occidente, Bbva and AV Villas.

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At the shareholders' assembly, Grupo Cibest's CEO Juan Carlos Mora defended the Banistmo sale as a strategy to optimize capital and focus on more profitable businesses. Shareholders approved $4.3 trillion in dividends, a 15% increase from last year.

Enel Chile's general manager, Gianluca Palumbo, stated the company expects to receive about US$65 million from a total US$900 million debt consumers owe electricity distributors. The debt relates to the Valor Agregado de Distribución (VAD) for 2020-2024. Palumbo voiced confidence in a quick resolution, as the Ministry of Energy considers options like debt factoring.

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Veracruz Governor Rocío Nahle García announced the renegotiation of two inherited credits with BANOBRAS, transferred to BBVA under better terms, generating savings of 155 million pesos and freeing over 18 billion pesos in participations until 2040.

Milan-based bank UniCredit has increased its stake in Commerzbank to 39.28 percent. Shareholders tendered 12.51 percent of shares under a takeover offer.

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Ecopetrol's 2026 General Shareholders' Assembly at Corferias approved a $121 per share dividend distribution for minorities, as proposed by the Ministry of Hacienda. The event was marked by tensions over president Ricardo Roa's tenure amid ongoing judicial processes. The company reported $9 trillion in 2025 profits, the lowest since the pandemic.

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