MEDELLIN, Colombia, June 21 /PRNewswire-FirstCall/ -- Bancolombia S.A. (Bancolombia) (NYSE: CIB) announces that today it entered into a settlement agreement with the Gilinski family, pursuant to which the parties have agreed to end all disagreements relating to the acquisition by the former Banco Industrial Colombiano, now Bancolombia, of the majority shareholder of the former Banco de Colombia.
The settlement agreement represents an end to all civil and commercial actions among the parties and a voluntary dismissal of all actions relating to criminal proceedings.
Bancolombia expresses its satisfaction with the entry into this settlement agreement.
Tel.: (574) 4041424
Jaime A. Velasquez
Tel.: (574) 4042199
Juan E. Toro
Tel.: (574) 4041837
SOURCE Bancolombia S.A.