MEDELLIN, Colombia, June 6 /PRNewswire-FirstCall/ -- Bancolombia S.A. ("Bancolombia") announces the execution of an agreement whereby it sells 100% of its direct and indirect interest in Multienlace S.A. to Stratton Spain S.L. ("Stratton"), equating to approximately 98% of Multienlace S.A. The purchase price is Ps. 105,882.565 million and the sale remains subject to customary closing conditions.
If and when consummated, this transaction will represent a net income of Ps. 57,686 million to Bancolombia and its subsidiaries.
Multienlace S.A. provides business process outsourcing and contact center services to corporate clients. Stratton is a Spanish company that is also a shareholder of Action Line Cordoba S.A. (based in Argentina), and whose investors are a group led by Eton Park Capital Management.
