Grupo Aval Acciones y Valores S.A. announced a partial spin-off of its subsidiaries, effective January 1, 2026, transferring fiduciary business assets from Fiduciaria Bogotá, Fiduciaria de Occidente, and Fiduciaria Popular to Aval Fiduciaria. This transaction, approved by the Colombian Financial Superintendence on September 23, 2025, involves the transfer of fiduciary transactions and assets without dissolving the spun-off companies.