Inmobiliaria Colonial SA completed its share buyback program that reached the maximum number of shares to be acquired in the transaction.

From when the program was approved Nov. 14, 2016, until March 23, the company bought back 10 million shares, representing 2.80% of the company's share capital.

The company also announced that after the buyback program, effective March 30, a liquidity contract with Renta 4 Banco SA will resume.