Grupo Argos begins a new phase focused 100% on infrastructure and construction materials, with projects totaling nearly COP 40 trillion

• Starting today, all Grupo Argos shareholders, in addition to maintaining their stake in the company — now increased by more than 20% — hold a direct ownership interest in Grupo Sura. This means that each shareholder’s investment is now represented by shares in both Grupo Argos and Grupo Sura.
• The transaction was backed by shareholders’ meetings, bondholders, and approved by the Colombian Financial Superintendency. It stands as the largest transaction in the history of the Colombian stock market, with direct share distributions to shareholders totaling nearly COP 20 trillion.
• The Colombian capital market benefits from improved float and liquidity conditions for the company, as well as from its potential to attract more investors and additional capital.

Grupo Argos announces the completion of the implementation of the Spin-Off Project approved by its Shareholders’ Meeting. This milestone marks the beginning of a new phase for Grupo Argos, in which the organization will focus its strategy and resources exclusively on its construction materials and infrastructure businesses—sectors where it has built a proven track record and industry leadership.

The transaction, structured under principles of equal treatment, efficiency, and transparency, was backed by the Shareholders’ Meeting and bondholders, and authorized by the Colombian Financial Superintendency. It stands as the largest transaction in the history of the Colombian stock market, with direct share distributions to shareholders totaling nearly COP 20 trillion. In addition, following a review of the transaction’s impact, both BRC Ratings – S&P Global and Fitch Ratings reaffirmed Grupo Argos’ AAA rating. This corporate reorganization continues to position Grupo Argos as a robust, modern investment platform aligned with the highest standards of corporate governance.

“With this historic milestone, Grupo Argos positions itself as a simpler, more agile, and more specialized organization, with a democratized ownership structure of over 40,000 shareholders and a promising future. We extend our gratitude to Grupo Sura and its shareholders for the support, shared learnings, and joint efforts over the past five decades, which played a significant role in shaping the achievements of our organization. The entrepreneurial spirit led by both companies goes beyond the cross-shareholdings that come to an end with this transaction and will continue to guide us in our commitment to building a better country.”

Jorge Mario Velásquez 
Grupo Argos President

With the completion of the transaction, Grupo Argos now operates under a corporate structure that strengthens its ability to attract capital, access international markets, and execute its business plan. This transformation is aligned with the company’s strategic vision over the past decade, during which it successfully closed more than 30 transactions valued at over USD 16.5 billion, reduced its consolidated net debt from COP 13.3 trillion to nearly zero, and increased its dividend per share by 157%. Additionally, more than COP 260 billion have been distributed through share repurchase programs, while net income multiplied more than tenfold over the same period. Today, Grupo Argos holds a project portfolio worth nearly COP 40 trillion across its businesses, which have become leaders in their respective sectors:

• Cementos Argos is the leading construction materials company in Colombia and one of the most prominent players in the Americas, with a presence in 16 countries. Following the monetization of its U.S. operations for more than USD 4.1 billion, it now holds a strong cash position.
• Celsia is at the forefront of the energy transition, with the largest private portfolio of non-conventional renewable energy sources in Colombia. It currently serves more than 1.3 million customers and is developing 1,000 MW of solar capacity in Colombia and 200 MW of wind capacity in Peru.
• Odinsa manages strategic assets such as El Dorado Airport, the Pacífico 2 highway, and the Túnel de Oriente. Through a partnership with Macquarie Asset Management, it is advancing a project portfolio worth over COP 20 trillion, including the expansion of El Dorado Airport, the second phase of the Túnel de Oriente, and the new Cartagena airport.
• Grupo Argos’ Urban Development Business holds a land bank valued at over USD 500 million and has generated more than COP 400 billion in cash over the past five years.

With this reorganization, Grupo Argos strengthens its position as a specialized company, well-equipped to attract capital and invest in the sustainable development of the region. The company expresses its gratitude to shareholders and investors for their trust throughout this historic process and reaffirms its commitment to long-term value creation.