Helm Weighs Options

Owners of Colombia’s Helm Bank are in talks about alternatives for the bank, the bank says, responding to recent speculation regarding a sale. The institution “is continuing in the process of evaluating different alternatives for the bank with none having yet resulted in a definitive transaction,” it says. With several Colombian FIG assets changing hands at high multiples this year, Helm has been the target of many acquisition rumors in the local and international press, most recently by Chile’s Corpbanca, who bought Santander Colombia in December for $1.16bn.