The company maintains the AAA and BRC1+ credit rating on its long and short-term debt, the highest granted by the entity.
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After fulfilling all the preceding conditions for this operation, the companies announced the consolidation of their strategic alliance and informed the start of operations of Odinsa Aeropuertos.
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Grupo Argos will proceed with the execution of the Framework Agreement, under which it will divest its participation in Grupo Nutresa’s food business. The outcome of this operation will involve Grupo Argos receiving 0.96 shares of Grupo Sura and 0.28 shares of Grupo Argos for each share in Grupo Nutresa.
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In line with the commitment to contribute to water security in Colombia, the Grupo Argos Foundation, through its Aquavida program, will deliver 8,000 water filters that will benefit more than 35,000 people living in rural areas of the departments of Antioquia, Atlántico, Bolívar, Boyacá, Cauca, César, Chocó, Córdoba, Cundinamarca, La Guajira, Meta, Quindío, Risaralda, Santander, […]
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The agreement reached with JGDB and Nugil (companies controlled by Jaime Gilinski), IHC Capital Holding, Grupo Nutresa, and Grupo Sura establishes that Grupo Argos will exchange its stake in Grupo Nutresa’s food business, receiving shares of Grupo Sura and a stake in Grupo Nutresa’s portfolio of shares, which in turn consists of ordinary shares of Grupo Argos and Grupo Sura.
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Grupo Argos was consolidated in first place among the country’s business conglomerates with the greatest capacity to attract and retain talent in Colombia and was ranked 51st in the general ranking.
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On Tuesday, June 6th, the symbolic groundbreaking event took place, marking the official start of the construction of Ciudad Mallorquín Park. This project is a collaboration between Grupo Argos’ Urban Development Business and the Mayor’s Office of Puerto Colombia, aiming to provide the community with a new recreational space spanning 4.5 hectares.
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The Urban Development Business continues to consolidate its leadership in the development of high-quality urban projects and sustainable tourism in the northern region of the country, achieving record revenues of COP 90 billion (+49%), a net cash flow of nearly COP 26 billion (+500%), and in the case of EBITDA, a growth of 322% surpassing COP 38 billion.
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Cementos Argos delivered a positive performance across its three regions: in Colombia, it achieved a 39% growth in EBITDA, in Central America, a 2% growth, and in the United States, an impressive 77% growth. Meanwhile, Celsia continued to strengthen its solar and energy transmission and distribution platforms, reporting in a consolidated EBITDA growth of 13%. Odinsa recorded an 18% increase in passenger traffic in its airport concessions, while its road infrastructure experienced a 3% growth in traffic.
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Grupo Argos’ ordinary bonds also received the highest credit rating from the rating agency, while the short-term debt of the commercial papers was confirmed as BCR1+.
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Currently, 43% of the Board of Directors of Grupo Argos is composed of women, including its president.
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Last year, through its Sembrando Futuro program, Fundación Grupo Argos planted over 1 million native tree species in Andean forest, tropical dry forest ecosystems, and 200,000 mangrove seedlings in the departments of Antioquia, Atlántico, Bolívar, Sucre, Tolima, and Valle del Cauca. Thanks to this program, 69 direct green jobs and 708 indirect jobs were created.
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