Last updated: 11:40 / Saturday, 28 June 2014
Disgely and Jobely

Sura AM Goes Shopping in Uruguay, and Acquires Two New Companies

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Sura AM Goes Shopping in Uruguay, and Acquires Two New Companies

Grupo Sura, a South American Investment Group, has recently acquired Disgely and Jobely, two Uruguyan companies, through its investment subsidiary, Sura Asset Management; this operation will allow the group to expand its market within the insurance and securities intermediation sectors, as has been unanimously pointed out by local media.

For their part, Sura representatives in Uruguay confirmed the group’s participation in two companies, without mentioning the companies’ names, to Funds Society, “as a first step in developing new lines of business in a country where the company has extensive experience in other markets such as life insurance and savings distribution, and securities brokerage, thus complementing the range of products and services available for Sura’s clients in Uruguay.”

The company added that the corresponding authorizations must be processed before the appropriate regulators in each case.

In a recent interview with the Colombian newspaper “El Tiempo”, Andrés Castro, Sura Asset Management’s president, pointed out that Sura's goal is to become a leading asset provider in Latin America.

 

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