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Fundación Social moves Banco Caja Social stake to investment unit

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Fundación Social moves Banco Caja Social stake to investment unit

Colombia's Banco Caja Social SA said parent company Fundación Social transferred its 62.16% stake in the bank to investment unit Inversora Fundación Social SAS, according to a regulatory filing.

Fundación Social's move follows a restructuring plan which is meant to align ownership at the company with new regulations on financial sector companies.