Grupo Aval Acciones y Valores SA Held Extraordinary Shareholders' Meeting
Grupo Aval Acciones y Valores SA held an Extraordinary Shareholders' Meeting on November 18, 2025. The meeting approved the appointment of Juan Vicente Fernández Barroso and Camilo Reyes Arango as delegates to approve the meeting minutes. Shareholders approved the potential sale of 99.56906% of the shares of Multi Financial Group, Inc., owned by Multi Financial Holding, Inc., a subsidiary of Banco de Bogotá S.A., to BAC International Corporation, a subsidiary of BAC Holding International Corp., and instructed the company to vote in favor of the transaction at the Banco de Bogotá shareholders' meeting. The meeting also approved granting a general authorization to Grupo Aval's management to participate in periodic transactions in the ordinary course of business with related entities. Additionally, the meeting released Mr. Fabio Castellanos Ordóñez from a potential conflict of interest regarding the sale of MFG shares and authorized participation in related deliberations and decisions, while not releasing Luis Carlos Sarmiento Gutierrez, Mauricio Cardenas Müller, and Alvaro Velasquez Cock from potential conflicts.
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