Suramericana goes with ADR

The crisis currently threatening international markets, especially on the New York Stock Exchange, will not affect plans to issue Level 1 ADR shares for 3 companies from Antioquia: Chocolates Group, Argos Cement, and Suramericana Investments.

David Bojanini, president of Suramericana, said even though they are closely analyzing the market's behavior, "we will go forth with the ADR's" and explained that none of these companies will be issuing new shares, but will sell the existing ones.