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 in March 2026.

—Extension. Management said up to COP$1.5 trillion (about US$370 million) more could be deployed for the same purpose, subject to new shareholder authorisation and progress in monetising some stabilised assets.