Grupo Sura and Argos Shares Drop as Corporate Split Closes

Share prices in Colombia’s Grupo Sura and Grupo Argos fell in the Bogota market as the companies conclude a widely anticipated corporate split, with trading of both firms resuming on Monday.

Grupo Sura’s common shares dropped almost 19% and Grupo Argos lost 33%, as traders reprice the stocks following the unwinding of complex cross-holding structures that bound the two companies together for decades.