Grupo Aval Acciones Y Valores S.A. (BVC:GRUPOAVAL) agreed to acquire 10.59% stake in Corporación Financiera Colombiana S.A. (BVC:CORFICOLCF) from Banco de Occidente, S.A. (BVC:OCCIDENTE) for approximately COP 820 billion on December 12, 2014. Aval Acciones agreed to acquire 21.3 million shares of Corporación Financiera.