CDPQ to acquire a strategic minority interest in SURA Asset Management from Bancolombia and Grupo Wiese for $247m.

CDPQ will acquire a minority interest in Grupo SURA’s subsidiary SURA Asset Management, a financial institution in Latin America, from financial services companies Bancolombia and Grupo Wiese, for $247m. “Grupo SURA is one of our most strategic partners in Latin America. Together, we have made major investments through innovative infrastructure platforms focused on long-term, sustainable growth. This transaction further strengthens our partnership with Grupo SURA and increases our presence in one of Colombia’s most promising sectors – financial services. With this transaction, our investments in the country have reached $1bn in 2018,” said Michael Sabia, CDPQ President and CEO.