Grupo Sura

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Grupo Empresarial SURA
GRUPOSURA
Company typeHolding company
BVC: GRUPOSURA
IndustryLife Insurance, Health Insurance, Investments and Savings
Founded1944; 80 years ago (1944)
(Medellín)
HeadquartersMedellín, Colombia
Area served
Global
Key people
David Bojanini (CEO)
Productsfood processing, cement
Revenue$22.7 billion (2014)[1]
$827,337 million (2014)[1]
$671,900 million (2014)[1]
Number of employees
50,000 (2014)[1]
Website'www.gruposura.com'

Grupo Sura is a Colombian multinational holding company headquartered in Medellín, Antioquia. Its primary businesses are investment banking, asset management, and insurance services. Currently, Sura takes part in the ADR as a level I depositary.[2]

Grupo Sura is part of the keiretsu Grupo Empresarial Antioqueño and owns an important percentage of shares from Grupo Nutresa, Grupo Argos, and Bancolombia[3]

International Growth

In July 2011, Grupo Sura acquired the divestments from the ING Group in Latin America for a sum of US$3.85 billion.[4] With the acquisition, Grupo Sura gained control of ING's pension and voluntary savings businesses in Chile, Colombia, Mexico, Uruguay and ING’s 80% stake in AFP Integra S.A. in Peru; the life insurance businesses in Chile and Peru; including ING’s 33.7% stake in InVita Seguros de Vida S.A. in Peru, along with the local investment management capabilities in those countries.[5]

In September 2015, Grupo Sura purchased RSA's Latin American operations for £403 Million.[6] With the adquistion, Grupo Sura entered the Argentinian, Brazilian and Uruguayan insurance markets, and enlarged their operations in Colombia, Chile, and Mexico.

References

  1. ^ a b c d "Informe Anual 2014" (PDF). Grupo Sura. Retrieved 31 December 2015.
  2. ^ https://www.inese.es/noticias/el-grupo-sura-inicia-su-programa-de-adr-en-la-bolsa-de-nueva-york
  3. ^ http://www.gruposura.com/Paginas/Corporativo/nuestra-compania.aspx
  4. ^ "ING sells Latin American insurance operations". Toronto: The Globe and Mail. July 25, 2011.
  5. ^ http://www.ing.com/Newsroom/All-news/Press-releases/PR/ING-to-sell-Insurance-Latam-to-GrupoSura-for-EUR-2.7-bln.htm
  6. ^ "RSA sells Latin American assets to Sura". Financial Times. Retrieved 29 October 2015.
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