COLOMBIA –  Colombian conglomerate Organización Corona has formally submitted a Voluntary Exit Notification to Grupo Falabella, activating a mechanism outlined in their shareholders’ agreements.

The notification signals Corona’s decision to sell its minority stakes in four joint ventures in Colombia: Falabella Retail (35%), Banco Falabella (31%), Seguros Falabella (35%), and ABC de Servicios S.A.S. (35%).

This action initiates a process that includes determining the value of these businesses based on procedures specified in the existing shareholder agreements. Once valuation is complete, Falabella will have up to 240 days to either purchase Corona’s shares or secure a third-party buyer.

The transaction is expected to be finalized during 2026, with no material impact anticipated on Falabella’s consolidated financial position—regardless of whether the group or a third party completes the acquisition.

Grupo Falabella emphasized that this change will not affect operations, strategic direction, or long-term commitments in Colombia, one of its key markets in the region.

Despite the restructuring, both companies will remain partners in Sodimac Colombia, where Organización Corona holds 51% and Falabella 49%. Operations in the home improvement retail chain will continue without changes.