Fundación Grupo Social completed the acquisition of 51% stake in Banco W from Fundación WWB Colombia.

Fundación Grupo Social, a financial conglomerate, completed the acquisition of a 51% stake in Banco W, a banking institution. Financial terms were not disclosed. “For the WWB Colombia Foundation, this decision reinforces its more than 40-year commitment to closing inequality gaps for women and promoting their active participation in the country's economic development. It promotes inclusive economic growth, equality, and the creation of capabilities and opportunities. The sale of 51% of Banco W's shares does not imply any change in her vocation or her work,” Daniela Konietzko Calero, WWB Colombia Foundation president.