Aval Hopeful for 2010 NYSE Listing

Colombia’s Grupo Aval is aiming to list shares on the New York exchange as soon as October, according to people familiar with the transaction. Credit Suisse and JPMorgan have been hired to manage the deal, which raise as much as $2bn. An IR official at Aval declines to comment. The financial group that is the parent of Banco de Bogota, Banco Popular and Corficolombiana recently announced a $1.9bn purchase of Panama-based BAC-Credomatic.