Category: Funds

The Colombian Securities Exchange (BVC) is investigating whether there was any insider trading involved in the transactions last week regarding the sale of Bancolombia shares in the Exchange. Last Tuesday, Venezuela’s Mercantil Servicios Financieros unexpectedly sold its 4.4% in the Colombian bank pushing share trading volume on the BVC to historic highs.

is confirmed as a panelist on the Afores workshop at LatinFinance’s Inaugural Cumbre Financiera Mexicana, July 13-14, in Mexico City. Debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana

A Brazilian judge lifted an injunction that had suspended the sale of a controlling stake in Nossa Caixa Seguros e Previdencia, the insurance and pensions unit of Brazil’s tenth-biggest bank, to Corporacion Mapfre. This decision paves the way for Mapfre, Spain’s biggest insurer, to take over the unit as soon as it gets permission from Brazil’s insurance regulator. Mapfre agreed on May 24 to pay $95 million for a 51 percent stake in the business.

Mario Gabriel Budebo, President of CONSAR, Mexico’s Afores Regulator, will join the “Mexican Pension Funds: The Changing Face of the Afores” workshop at LatinFinance’s Inaugural “Cumbre Financiera Mexicana”, which will take place on July 13-14 in Mexico City. Delegates will debate and discuss the challenges and opportunities presented by Mexico’s dynamic financial markets at this invitation-only event. View the full agenda and apply for an invitation at www.latinfinance.com/mexicana