Davivienda Looks To Shareholders To Raise $115 Million

Colombian bank Davivienda is seeking to raise around $115 million by issuing new shares to existing shareholders, according to local media reports. The bank will offer 3.24 million shares at 80.227 pesos per share. The funds raised will be go towards financing its acquisition of Bancafe which it bought from the government at auction for $927 million last October.