Report of Foreign Issuer (6-k)
28 January 2017 - 8:53AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report
Of Foreign Private Issuer
Pursuant
To Rule 13a-16 Or 15d-16 Of
The
Securities Exchange Act Of 1934
For the month
of January 2017
__________________
Commission
File Number: 000-54290
Grupo Aval Acciones y Valores S.A.
(Exact
name of registrant as specified in its charter)
Carrera
13 No. 26A - 47
Bogotá
D.C., Colombia
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
GRUPO
AVAL ACCIONES Y VALORES S.A.
TABLE
OF CONTENTS
ITEM
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1.
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Notice of Relevant Information dated January 27, 2017
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Bogota,
January 27, 2017
In
regard to the recent announcement made by Colombia’s National Agency of Infrastructure (Agencia Nacional de Infraestructura
– ANI) with respect to its request for the declaration of nullity of contract to the arbitral tribunal appointed in relation
to toll road concession “Ruta del Sol Sector 2”, Grupo Aval Acciones y Valores S.A. (“Grupo Aval” or the
“Company”) informs:
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Grupo
Aval is the controlling shareholder of Corporación Financiera Colombiana S.A.
(“Corficolombiana”). Corficolombiana is the sole shareholder of Episol S.A.S
(“Episol”), and Episol is the owner of 33% of the shares of Concesionaria
Ruta del Sol S.A.S. (“CRDS”), company in charge of Ruta del Sol Sector 2,
in which
Odebrecht
and
CSS Constructores
own the remaining 62% and 5%,
respectively.
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The
investment of Episol in CRDS amounts to Ps$0.35 trillion approx. (US$119 million), equivalent
to 1.7% of the total assets of Corficolombiana and to 0.2% of Grupo Aval’s total
consolidated assets.
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The
indebtedness of CRDS with financial entities amounts to Ps$2.4 trillion (US$ 817 million)
as of December 31, 2016, of which 50% corresponds to loans granted by banks controlled
by Grupo Aval.
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The
Ps$1.2 trillion (US$408 million) debt of CRDS granted by our banking subsidiaries, represents
0.8% of the consolidated loan portfolio of Grupo Aval as of September, 2016.
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In
case of an eventual early liquidation of Ruta del Sol Sector 2, Grupo Aval’s estimations
indicate that the amounts to be paid in retribution of the roadworks completed to date
will be sufficient for the payment in full of the indebtedness with financial entities.
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Since
2009, year in which the Ruta del Sol Sector 2 begun, Episol’s income derived from
its participation in CRDS represents approximately 5% of the accumulated net income recorded
by Corficolombiana, and 0.9% of Grupo Aval’s consolidated accumulated net income.
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In this document,
Ps trillion refers to millions of millions. Amounts converted to USD using exchange rate of 2.937 pesos/USD.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: January
27, 2017
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GRUPO AVAL ACCIONES Y VALORES S.A.
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By:
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/s/ Jorge Adrián
Rincón Plata
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Name:
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Jorge Adrián Rincón Plata
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Title:
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Chief Legal Counsel
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