Coopdesarrollo On The Block

Colombian cooperative bank Central Cooperativa Coopdesarrollo, currently in liquidation, is up for sale. Fogafin, the country’s deposit insurance fund and banking cooperatives regulator, has announced that it is inviting offers of a minimum of $310.6 million for the bank which has debts of around $28.9 million. Whoever buys Coopdesarrollo will also own microlender Megabanco, which is controlled by the cooperative bank and is seen as an attractive acquisition. Offers close on 16 March.