In a important business adn stock market maneuver, the Argos Group and sura Group have finalized a new shareholding composition, with pension funds now holding the majority stake in both conglomerates. Analysts have largely viewed this restructuring as a positive progress.

Yovanny Conde, co-founder of Finxard, explained, “The shareholding structure of Grupo Argos and Grupo Sura was reorganized, becoming much clearer. Now, AFPs are the main shareholders of each company.”

Within the Argos Group, the top shareholders are Protection (10.84%), Porvenir (9.12%), and the Ishares MSCI Colcap stock fund (6.07%). amalfi Sas (5.71%) and Colfondos (3.24%) complete the top five.

The Sura Group‘s shareholder structure is led by Protection (11.5%), ISHARES MSCI COLCAP (6.2%), and Porvenir (6%). The Grupo Argos Foundation (3.4%) and Colfondos (3%) round out the top five.

It’s crucial to note that these initial compositions reflect the moderate funds managed by each AFP. However, Conde cautioned that legal restrictions prevent these companies from holding more than a 10% stake in any single company.

“As the sum of the funds administered by some AFPs exceeds that limit, they will be obliged to reduce their participation,” Conde stated. “Although this situation has no precedent, it is likely that both the AFPs, the Superfinanciera, and the companies involved have already contemplated this scenario and may have even defined a solution that benefits all parties.”

What’s Next After the Split?

Juan Pablo Vieira, CEO of JP Tactical Trading, commented on the post-operation strategy. Grupo Sura is expected to concentrate on its role as a financial services holding company, similar to entities like South American or Sura Asset Management.

Meanwhile, the Argos Group will maintain its focus on infrastructure, encompassing cement, energy, and concessions. “A new company called Grupo Argos Inversiones SAS was split off, to which the Nutresa and Grupo Sura Group and Grupo [Argos] were transferred. Grupo Argos shareholders also received shares in the new company in equivalent proportion,” Vieira added.

What are your thoughts on this major corporate shift? Share your insights in the comments below, and subscribe to World Today News for more in-depth financial analysis!

Carulla Celebrates 120 Years, Highlighting Growth and Conversion

carulla, one of America’s oldest retail chains, is celebrating its 120th anniversary, marking a notable milestone in its long history. During a recent conversation,Carlos Calleja,president of Grupo Éxito,and Carlos Mario Giraldo,general manager of Grupo Éxito,reflected on the company’s advancements and transformations.

“As a company, we are full of gratitude,” Calleja stated. “what 120 years implies is arduous to measure in words. Carulla is one of the oldest retailers in America. Without suppliers, we cannot survive.”

Giraldo detailed the company’s strategic initiatives, noting the implementation of approximately 37% assorted products within Carulla stores. He also highlighted an increase of 60 more assortments and 2,500 products, strengthening the personal care and toiletries categories.

To support customer savings,Giraldo mentioned ongoing promotions,including a 30% discount on “inaccuing” products,primarily featuring popular Colombian brands,which change every two months.

Looking ahead, calleja indicated plans for expansion into more cities in the coming years, emphasizing that the company is on the right track for future growth.

Giraldo further elaborated on the strategic direction of Grupo Éxito, explaining that nearly 500 stores within the institution are undergoing a transformation.Larger format stores are being converted to the Éxito brand,while supermarkets under 2,000 square meters are migrating to the Carulla brand.

He reported that 41 stores have already been transformed, with 26 of those becoming Carulla locations. “Carulla today already has 135 warehouses, and this year seven more transformations come to Carulla, we will end with 142,” Giraldo said. “In the next three years, there are more than 100 opportunities for transformation to Carulla.”

The company also emphasized its commitment to local sourcing and employment. Ninety-three percent of the fruits and vegetables sold in Carulla stores are purchased from local producers. Additionally, 95% of its own clothing brands are manufactured in colombia, contributing to job creation.

“Today, we want to commemorate a story, but we also want to project a future: one in which Carulla remains synonymous with closeness, service, quality, and variety,” Giraldo concluded. “We will continue working to serve our clients, reaffirming our commitment to continue growing together with them, taking our value proposition forward.”

Share your thoughts on Carulla’s 120-year journey in the comments below! Don’t forget to subscribe for more updates on leading retailers and industry trends.