Payment of credits

ODINSA S.A. informs that it canceled credits for the total sum of ONE HUNDRED SIXTEEN THOUSAND ONE HUNDRED FORTY-THREE MILLION ONE HUNDRED NINETY-FOUR THOUSAND NINE HUNDRED AND FOUR PESOS (COP $ 116,143,194,904), discriminated as follows:

  1. Banco Davivienda, worth NINETY TWO THOUSAND NINE HUNDRED NINETY THREE MILLION THREE HUNDRED NINETY FIVE THOUSAND SEVEN HUNDRED SEVEN PESOS (COP $ 92,993,395,707).
  2. Banco ITAÚ, for a value of FOURTEEN BILLION PESOS (COP $ 14,000,000,000).
  3. BANCOLOMBIA worth NINE THOUSAND ONE HUNDRED FORTY-NINE MILLION SEVEN HUNDRED NINETY-NINE THOUSAND ONE HUNDRED NINETY-SEVEN PESOS (COP $ 9,149,799,197).
    As a result of the amortization of the indicated debt, the level of indebtedness of the company was decreased and the strengthening of Odinsa’s capital structure continues.

Closure of adquisition of stake in Tunel de Oriente

ODINSA S.A, concession company of Grupo Argos, in accordance with the relevant information released on October 8, 2019, informs that today the sale of the stake in the Túnel Aburrá Oriente S.A. concession was closed, corresponding to 52.61% of the share capital (between shares and political rights) and 52.76% of the subordinated debt.

Ver Anexo

Closure of the acquisition of Tunel de Oriente

ODINSA S.A, concession company of the Grupo Argos, in accordance with the relevant information released on October 8, 2019, reports that today the sale of the stake in the Túnel Aburrá Oriente S.A. concession was refined, corresponding to 52.61% of the share capital (between shares and political rights) and 52.76% of the subordinated debt.

Ver Anexo

Investments in other corporations

Odinsa S.A. informs that a permanent investment in the capital stock of the Ecuadorian corporation Corporación Quiport S.A., concessionaire of the Mariscal Sucre International Airport in Quito, Ecuador, for the amount of USD 275,314,159, was registered directly in its financial statements. The foregoing is due to the process of corporate optimization that is being carried out by the international shareholders that operate said Concession. This investment does not generate a subordination relationship.
It is clarified that previously the investment was registered indirectly, through other vehicles owned by Odinsa S.A.