CARVAJAL GROUP GOES PUBLIC

CARVAJAL GROUP GOES PUBLIC

With Carvajal Packaging this group with over 100 years experience, is seeking to acquire liquidity to expand the business to other countries.

The company poored into the market 40 millon preferencial shares with no voting at  5.300COP per share. The minimum buy is 5 millonCOP per shareholder.

The public offer is going to be open until May the 24^th. The estimated income for this operation is about 212 billon COP which will allow the company to fulfill the forecast for this year.

The CEO of the company has said that the FTA with the United States will be a great opportunity for Carvajal Packaging to expand their exports to the northern country, expecting to have an impact of an 8% growth on the company incomes for 2012, that lead the gross income in COP$ 850 billon for the year.

This represents a very good investment opportunity giving that the shareholders shall be covered by the right of accession allowing the shareholders, facing a probable sale of the company, to be part of the business. Also could be a very good investment for those who are looking to increase their capital in a medium term, considering that the company has a great track record and continues steadily its regional expansion.