Davibank has authorized the transfer of assets to Davivienda, potentially encompassing up to 30% of shares in HDI. The transaction adheres to the Organic Statute of the Financial System, Colombia’s governing financial regulations. Final approval is contingent upon a non-objection ruling from the Colombian Financial Superintendency. Organizations involved state the deal is proceeding within established legal frameworks. This move signifies a potential shift in ownership within HDI. The Superintendencia’s review will determine if the transfer aligns with financial stability and regulatory compliance. The transaction’s completion remains pending this regulatory assessment.
