Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an Asset Manager

Business: Medellín Key Facts —Programme. Grupo Argos launched ACE 1.0, or Argos Convergence Effort, to close the gap between its share price and what it considers fundamental value. —Buyback. The company will repurchase COP$500 billion (about US$123 million) of shares over the next six to twelve months, using an authorisation granted by the shareholders’ assembly…