Inversiones Argos Takes Colinversiones Stake

Colombian investment holding company Inversiones Argos has purchased 19.98% of Colinversiones for COP400bn ($230m), Argos says in a filing with the local regulator. The transaction involves a share swap with investment companies Inversiones e Industria and Antioquena de Inversiones, owners of the stake in Colinversiones, Argos adds. The purchase is part of Argos’ push into the Colombia energy market, where Colinversiones has significant presence. With this investment, Argos increases its stake to 24.3% in Colinversiones, an investment firm focused on the financial, hospitality and energy sectors in Colombia.