Luis Carlos Sarmiento


Luis Carlos Sarmiento

Colombia's richest man controls more than a quarter of the country's financial industry through the four lenders that form Grupo Aval. His investment bank, Corficolombiana, owns stakes in infrastructure, agribusiness, energy and tourism ventures. He also builds commercial and residential real estate via Construcciones Planificadas.

Luis Carlos Sarmiento News

  • Billionaires Worth $3.7 Trillion Surge as Gates Wins 2013

    The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.

  • Colombia’s Aval May Start $1.2 Billion Share Sale Next Week

    Grupo Aval Acciones y Valores SA, the Colombian banking group controlled by billionaire Luis Carlos Sarmiento Angulo, may start selling 2.4 trillion pesos ($1.2 billion) worth of shares as soon as next week.

  • Colombia’s Richest Man Saves Bank Debt From Junk Ignominy

    Billionaire Luis Carlos Sarmiento Angulo’s plan to pump capital into Banco de Bogota SA is helping to stave off a credit downgrade after Colombia’s second-biggest lender agreed to pay $901 million for two takeovers in a month.

  • The World’s 200 Richest People

    Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.

  • Aval May Sell $1.3 Billion of Shares in Colombia Offering

    Grupo Aval Acciones y Valores SA, the Colombian banking group controlled by billionaire Luis Carlos Sarmiento Angulo, said it may sell about 2.4 trillion pesos ($1.3 billion) of shares in Bogota.

  • Aval Listing on NYSE Would Seek as Much as $1 Billion

    Grupo Aval Acciones y Valores SA , Colombia’s biggest financial holding company, will seek to raise $500 million to $1 billion by listing shares in New York and may use the funds to buy banks in Central America and the Caribbean, Chief Executive Officer Luis Carlos Sarmiento Gutierrez said.

  • Colombia Land Grab by Billionaires Risks Pledge

    The last time Javier Diaz saw his father was when he was 14 and Colombian paramilitaries accused the elder Diaz of supporting guerrillas. That was equal to a death threat at the height of Colombia’s now five-decades-long internal war.

  • Prisa Says It Didn’t Sell Caracol Radio to Colombia’s Sarmiento

    Promotora de Informaciones SA hasn’t sold Colombia’s Caracol Radio, the company’s head of investor relations Pilar Gil said in response to an e-mailed question.

  • Aval’s Sarmiento Purchases 55% Stake in El Tiempo Media Group

    Grupo Aval Acciones y Valores SA Chairman Luis Carlos Sarmiento bought a 55 percent stake in Colombian media group Casa Editorial El Tiempo SA from Grupo Planeta SA, according to an e-mailed statement sent late yesterday.

  • Billionaire’s Aval Drops on U.S. Share Sale Plan: Bogota Mover

    Grupo Aval Acciones y Valores SA, the Colombian banking group controlled by billionaire Luis Carlos Sarmiento Angulo, tumbled the most on the country’s benchmark index after announcing a plan to sell shares in the U.S.

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