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Casa Editorial El Tiempo S.A.

Casa Editorial El Tiempo S.A.

The El Tiempo S.A. Publishing House is one of the four most important business groups of Colombia, and it is the largest of them all. Its head is the entrepreneur Luis Carlos Sarmiento, according to studies, the richest man of Colombia. It has two media companies, the CEET S.A. and CEETTV S.A. and is one of the most traditional, influential and important media groups of the country. It also produces more than 25 media in the press, television and digital media sectors. This organization groups companies and investments in different sectors of the economy, such as finance, agribusiness, energy, gas, infrastructure, hotel industry, mining, industry, construction, real estate and media. It is difficult to identify its operating structure, since it manages investments, shares and securities through different holding companies. It belongs to the parent company Grupo Aval Acciones y Valores S. A., a Public Limited Company (S.A) which was constituted by public deed number 0043 of January 7, 1994. Its main domicile is the city of Bogotá, D.C. Through the Grupo Aval Acciones y Valores S.A., there is control over Corporación Financiera Colombiana –Corficolombiana, which groups more than 27 companies in different economic sectors.

 

Key facts

Mother Company

Grupo Aval Acciones y Valores S.A.

Business Form

Private

Legal Form

Sociedad Anónima

Business Sectors

Agribusiness, Energy and Gas, Infrastructure, Hotel Industry, Mining and Industry, Financial, Real Estate, Media

Ownership

Adminegocios & CIA SCA

The company registers a business group status with the sole trader Luis Carlos Sarmiento Angulo since 2002.
Adminegocios & Cía. S.C.A. is the controlling owner of Seguros de Vida Alfa S.A., with 52% of shares. Through Seguros de Vida Alfa S.A., it has a shareholding of 4.99% in the El Tiempo Publishing House – CCET S.A.
Adminegocios has a direct shareholinding of 0.0000000029% in CEETTV S.A..

39.8%
Media Outlets
Other Media Outlets

Other Print Outlets

Portafolio

Other TV Outlets

El Tiempo televisión

Other Online Outlets

diarioadn.co

Facts

Business

Finance

Grupo Aval

Infrastructure

Proyectos de Infraestructura S.A.

Infraestructura

Concesionaria Panamericana S.A.S.

Energy & Gas

Promigas

Hotels

Estelar

Agribusiness

Organización Pajonales S.A.

Industry & Mining

Mineros S.A.

Constructions

Construcciones Planificadas

Construction

Jardin Plaza S.A.

Banco Corficolombiana Panamá S.A.

General Information

Founding Year

1959

Founder

Luis Carlos Sarmiento Angulo | Luis Carlos Sarmiento Angulo exercises a control situation over Grupo Aval Acciones y Valores S.A. His direct and indirect shareholding in the Company’s Share Capital represents more than 50%. This control situation was regi

Employees

CEET S.A.: 2012 empleados CEETTV S.A.: 248 empleados (Empresas del Grupo AVAL: 74.211, Empleados Grupo AVAL Acciones y Valores S.A.: 20 Directivos, 105 Otros cargos,Total de 125 empleados)

Contact

Casa Editorial El Tiempo / Avda. Calle 26

68 b – 70 / Tel. (1)2940100 / Bogotá D.C

Tax/ ID Number

Casa Editorial El Tiempo S.A.: 860001022CEETTV S.A.: 900163045(Del Grupo Aval Acciones y Valores S.A. NIT 800216181)

Financial Information

Revenue (Financial Data/ Optional)

CEET S.A.: USD $ 175.715.000 / COP $ 519.164 millions CEETTV S.A.: USD $ 10.026.800 / COP $ 29.625 millions

Operating Profit (in Mill. $)

CEET S.A: USD $ 4.187.050 / COP $12.371 millions CEETTV S.A.: USD $ 146.890 / COP $434

Advertising (in % of total funding)

No Data

Management

Executive Board

Luis Carlos Sarmiento Angulo

He has a controlling situation over Grupo Aval Acciones y Valores S.A. His direct and indirect shareholding in the Company’s Share Capital represents more than 50%. This control situation was registered in the Chamber of Commerce of Bogotá on February 11, 2003, under the number 00865815.
Colombian entrepreneur, rated by FORBES Magazine as the richest man of the country. He is the founder and owner of Grupo Aval.

Other Influential People

Luis Carlos Sarmiento Gutiérrez

President and son of Luis Carlos Sarmiento. Since 2000, he assumed the presidency of Grupo Aval Acciones y Valores S.A.

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

Data from the Aval Acciones y Valores S.A. holding business group and from Corficolombiana S.A. is public. It is difficult to identify the operating structure of the business group as a whole. Data of the media group is difficult to access.
Financial information: exchange rate: 1 USD = 2.937,88 COP

Sources

Grupo Aval Acciones y Valores S.A.

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