Guía de Emisores Acciones BVC ● Guide of Listed Companies 2014 Guía de Emisores Acciones BVC ● Guide of Listed Co | Page 31

GRUPO AVAL

A LeAder thAt Knows
where It Is GoInG

What was the objective of Grupo Aval’s 2013 public offering of
common stock?
There were two objectives. The
first, to virtually eliminate all financial leveraging other than the bond
issues in the amount of $1.4 trillion
pesos of the holding company, and
the second was to reestablish the
group’s liquidity, which had diminished following Grupo Aval’s participation of close to $1.0 trillion pesos
in capitalizing Banco de Bogotá.
How would you rate the company’s stock issue results?
Excellent, in line with that anticipated. Given that the stock issue
was subject to subscription rights,
excess demand of any kind was impossible. Each common stock shareholder was given equal opportunity
to participate in the capital increase
so as not to dilute their ownership
in the company. Upon completing
the legally established time and in
line with the time established in the
prospectus for the stock issue, Grupo Aval had managed to place 1,855
million shares at $1,300 pesos per
share in less than one month.

PROTAGONISTAS

Foto: Archivo Semana / Alejandro Acosta

Vicepresidente de
Planeación Financiera y
Relación con Inversionistas.
Vice President of
Financial Planning and
Investor Relations.

Foto: Carlos Forero

TATIANA URIBE
BENNINGHOFF

This conglomeraTe has
obTained repeaTed
successes in The
colombian securiTies
markeT. TaTiana uribe
benninghoff, iTs Vice
presidenT of financial
planning and inVesTor
relaTions speaks abouT The
mosT recenT sTock issue.

31