Bancolombia has agreed to sell 100% of its direct and indirect interest in Multienlace to Stratton Spain for COP106 billion ($63 million,) giving it a net income of COP58 billion. Multienlace provides business process outsourcing and contact center services to corporate clients.

Stratton is a Spanish company that is also a shareholder of Argentina-based Action Line Cordoba, and whose investors are a group led by Eton Park Capital Management. The Bancolombia stake equates to approximately 98% of Multienlace.
 
This story was originally published on June 9, 2008.