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Santiago Giraldo will replace Joaquin Fernandez, who will move to a new financial role related to the company's operating subsidiaries.

Though record-high revenue didn't lead to higher profits, Tecnoglass believes investment in “high-return projects" will yield good results throughout 2017.

The quarterly dividend of $0.125 per share will be payable on April 28, said Tecnoglass earlier this month.

Tecnoglass says the $35 million USD acquisition will diversify its distribution network and strengthen its position in the United States.

The public offering will take place before the start of common stock trading in the Colombian Stock Exchange on February 15.

Tecnoglass plans to repay around $185 million in obligations and fund working capital needs with the funds.

This the fourth auction in what Ecopetrol is calling the second stage of its divestment plan of its ISA holdings.

The Miami company is the largest importer and reseller of Tecnoglass products in the United States.

Colombia's financial industry regulator has authorized the public offering of shares with preferential dividends by Grupo Argos S.A.

The public offering will take place before the start of common stock trading in the Colombian Stock Exchange on December 6.