Colombian banking conglomerate, Grupo Aval, will offer about $1.1 billion in shares, Reuters reports. Aval will issue preferential, nonvoting shares in the local market on April 25, 2011.Grupo Aval has received offers for $264.2 billion. The conglomerate, which comprises Banco de Bogota, Banco Popular, Banco de Occidente and Banco AV Villas, is planning the issue as part of the process of its listing on the U.S. market,.
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