Exhibit 99.1
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BANCOLOMBIA S.A. ANNOUNCES CLOSING OF THE SALE OF SEGUROS BANISTMO
Medellin, Colombia, August 31, 2015
Today, after obtaining all the authorizations required by the authorities and the satisfaction of the relevant condition precedents, Banistmo S.A (“Banistmo”), a subsidiary of Bancolombia, consummated the transfer to Suramericana S.A (“Suramericana”) of 100% of the shares of capital stock of Seguros Banistmo S.A, an insurance company incorporated under the laws of the Republic of Panama.
In consideration for such transfer, Suramericana will pay a total purchase price of USD $96,495,801 today.
| Contacts | |||
| Jaime A. Velásquez | Jose Humberto Acosta | Alejandro Mejía | |
| Strategy and Finance VP | Financial VP | IR Manager | |
| Tel.: (574) 4042199 | Tel: (571) 4885934 | Tel.: (574) 4041837 |