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Colombia's SURA plans to trim debt

Monday, April 1, 2019

Colombian investment holding company GrupoSURA will reduce its debt by 10 percent this year - equivalent to about $141 million - its chief executive said on Friday, and has no plans to expand through acquisitions in 2019.

The conglomerate has invested more than $9 billion in expanding its financial and insurance business in 10 Latin American countries over the last seven years.

The debt reduction plan will include the sale of some assets and operational efficiencies, chief executive David Bojanini said in a telephone call with Reuters.