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In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
22 July 2024In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreSince the share repurchase program was approved by the Shareholders’ Assembly last year, up until Friday, May 17, Grupo Argos has repurchased more than 11 million shares for an amount exceeding COP 120 billion. In the case of Cementos Argos, this amount rises to COP 175 billion, representing the buyback of over 26 million shares, while Celsia has accumulated more than 10 million repurchased shares worth COP 40 billion.
This initiative is part of the measures announced by the organization to continue creating value for its shareholders, as companies buying back their own shares at current market prices increase the ownership stake of each shareholder who maintains their investment. Likewise, this mechanism has contributed to greater dynamism and liquidity in the Colombian market.
The implementation of the program, the closing of strategic deals announced to the market over the past year, as well as the positive operational performance of the businesses, has driven a COP 15 trillion increase in the market capitalization of the Grupo Empresarial Argos companies, while the share value of Grupo Argos and Cementos Argos has doubled and tripled, respectively.
In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read more100.000 people in 18 departments of the country can now enjoy safe drinking water thanks to the water security efforts of Grupo Argos Foundation
Read moreGrupo Empresarial Argos has intervened in over 8,400 hectares through mandatory compensation processes and more than 20,000 hectares in voluntary programs
Read moreCompanies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs
Read moreThe common stock of Grupo Argos surpassed COP 17,000, recovering the price levels prior to 2020
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