CONFORMED COPY
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 1933
For the month of July 2006
BANCOLOMBIA S.A.
(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- _____________.)
This Report on Form 6-K shall be incorporated by reference into the
registrant's registration statement on Form F-3 (File No. 001-32535).
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.
BANCOLOMBIA S.A.
(Registrant)
Date: July 14, 2006 By /s/ JAIME ALBERTO VELASQUEZ B.
-------------------------------------
Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
CIB
LISTED
(BANCOLOMBIA LOGO) NYSE
BANCOLOMBIA S.A. ENTERS A BINDING LETTER OF INTENT (PROMESA
DE COMPRAVENTA ) FOR THE SALE OF ALMACENAR S.A.
MEDELLIN, COLOMBIA. JULY 14, 2006.
On July 14, 2006, Bancolombia S.A. and Portal de Inversiones S.A. signed a
binding letter of intent for the sale of Bancolombia's current share holding in
Almacenar S.A., consisting of a 94.33% direct interest and a 3.92% interest held
indirectly through Colcorp S.A., and the same percentage of shares that would be
held in the corporation resulting from the future spin-off of Almacenar. The
agreed price of sale amounts $28,974,430,000 pesos.
Portal de Inversiones S.A. is an entity incorporated by the parties with which
Bancolombia entered into a preliminary agreement on November 23, 2005. The
consummation of the transaction is subject to the fulfillment of the closing
conditions stipulated in the binding letter of intent, including, among others,
the receipt of required authorizations.
CONTACTS
Sergio Restrepo Jaime A. Velasquez Mauricio Botero
Executive VP Financial VP IR Manager
Tel.: (574) 5108668 Tel.: (574) 5108666 Tel.: (574) 5108866