Grupo Sura Says May Have Third ‘Co-Investor’ for ING Purchase

Grupo de Inversiones Suramericana SA (GRUPOSUR) said it may have a third “co-investor” to help pay for its $3.9 billion purchase of Latin American assets of ING Groep NV, according to a regulatory filing.

Suramericana said the third co-investor is a “well-known” investment firm that has expressed interest in investing as much as $300 million in the acquisition. The International Finance Corporation and Sociedad Bolivar SA also plan to invest $200 million and $400 million, respectively, in the purchase, Suramericana said in the statement.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

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