GBS Finance has acted as financial advisor to Empresas Públicas de Medellín (EPM) in the valuation process of its stake in Tigo Colombia, issuing a fairness opinion that has enabled progress toward the potential sale of its shareholding in the telecommunications company. The share sale program could reach a total value of 2.1 trillion Colombian pesos, representing a strategic milestone for EPM and the sector in the region.

This process further strengthens GBS Finance’s position as a leading independent financial advisory firm for complex, high-impact transactions, not only in Spain but also across Latin America. With an active presence in Colombia, GBS Finance continues to demonstrate its commitment to the region’s economic development, contributing its expertise in key sectors such as telecommunications.

A key factor in the success of this project has been the close collaboration between GBS Finance’s teams in Madrid and Bogotá, who have worked in a coordinated manner to ensure the success of the mandate. The team was led by Ana Lacasa, Partner at GBS Finance, together with Viviana Vega, Director at GBS Colombia, and Claudia Londoño, VP at GBS Madrid. Analysts Juliana Caicedo, Ana Fernández, and Erwin Grautoff also played an active role in the project.

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