Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an Asset Manager
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3 Articles
Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an Asset Manager
Business: Medellín Key Facts —Programme. Grupo Argos launched ACE 1.0, or Argos Convergence Effort, to close the gap between its share price and what it considers fundamental value. —Buyback. The company will repurchase COP$500 billion (about US$123 million) of shares over the next six to twelve months, using an authorisation granted by the shareholders’ assembly […] The post Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an A…
The company has two key objectives: to double the dividend and increase the consolidated Ebitda by 70%, for this purpose designed a plan of three pillars that seeks to strengthen the value of holding
Grupo Argos Photo: taken from Grupo Argos Grupo Argos presented its Argos Convergence Effort program (ACE 1.0), with which it seeks to close the gap between market price and fundamental value, starting from several shares within the holding. According to information, the initiative aims to generate, capture and transfer value for all shareholders of the company and leverages the road map that has been traveled over the last decade to simplify it…
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