CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1933
For the month of January 2004
BANCOLOMBIA S.A.
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(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
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(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F [X] Form 40-F
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes [ ] No [X]
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-______________.)
This Report on Form 6-K shall be incorporated by reference into the registrant's
registration statement on Form F-3 (File No. 333-12658).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BANCOLOMBIA S.A.
(Registrant)
Date: January 28, 2004 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
(BANCOLOMBIA LOGO)
BANCOLOMBIA ACQUIRES SUFINANCIAMIENTO
Medellin, COLOMBIA. December 30, 2003. BANCOLOMBIA (NYSE:CIB)(1)
BANCOLOMBIA announced that it has acquired 94.89% of the shares of Compania
Suramericana de Financiamiento Comercial S.A. ("Sufinanciamiento") from
Portafolio de Inversiones Suramericana S.A., Compania Suramericana de
Inversiones S.A. Suramericana, Compania Suramericana de Construcciones S.A.,
Fundacion Suramericana and Corporacion Financiera Nacional y Suramericana S.A.
Corfinsura. The remaining 5.11% of the shares of Sufinanciamiento have been
acquired by subsidiaries of BANCOLOMBIA.
On December 24, 2003, BANCOLOMBIA obtained the approval of the Superintendency
of Banking for the purchase of the shares of Sufinanciamiento. The total
purchase price was Ps 75,026 million, which corresponds to Ps 50.31 per share.
Sufinanciamiento is a financial company, specializing in automobile loans. The
acquisition of Sufinanciamiento will allow BANCOLOMBIA and its subsidiaries to
complement their portfolio of products by developing commercial financing
activities, mostly in automobile financing.
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(1) CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This release contains statements that may be considered forward-looking
statements within the meaning of Section 27A of the U.S. Securities Act of 1933
and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking
statements, whether made in this release or in future filings or press releases
or orally, address matters that involve risks and uncertainties; consequently,
there are or will be factors that could cause actual results to differ
materially from those indicated in such statements.
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Contacts
JAIME A. VELASQUEZ MARIA A. VILLA WWW.BANCOLOMBIA.COM
FINANCIAL VP IR MANAGER FAX: (574) 2307208
TEL.: (574) 5108666 TEL.: (574) 5108866