Bancolombia S.A. Announces Sale of Real Estate Property

December 2, 2008 Filed Under: Real Estate

Today, Bancolombia S.A. announced the sale to CMB S.A. of 67.42% of its interests in a real estate property (public registry number 060-209429) located in the Chambacu sector in Cartagena, Colombia. The sale price amounted to Ps. 22,531,764,000 (approximately US$ 9,720,346.85) (1) and has been already paid to Bancolombia. Bancolombia also made an in-kind contribution to CMB S.A., of its rights in the trust Lote Chisa 2C, (the “Trust”)...