At the close of the third Public Acquisition Offer (OPA) launched by Nugil, a Gilinski Group company, for Nutresa shares, the Colombian Stock Exchange (BVC) received 469 acceptances since April 6 from those interested in selling their shares, which are equivalent to 0.71% of the species in circulation of this society. And given the low acceptance, Nugil decided not to lift the limits, so the BVC declared this OPA void.
With this percentage, Nugil, who in two previous offers had acquired 30.81% of the food holding company, would establish himself as the company’s second largest shareholder with 31.52%, after Sura, who owns 35.61%.
In this offer, Gilinski’s objective was to obtain a minimum percentage of 9.6% or a maximum of 12% of Nutresa, paying US$12.58 per share.
In the first takeover bid, Gilinski obtained a 27.7% stake in Nutresa paying US$7.71 per share, and in the second he added 3.11%, although this time he raised the price to US$10.48 per share.
For the first two takeover bids Nugil disbursed US$1,126.9 million, and for the portion obtained in the third he had to pay another US$41.11 million, but the amount was not enough for his claims, so he did not raise the minimums and will not buy the shares they agreed to sell to you.
Thus, Gilinski will remain, for now, with 30.81% of Nutresa.
Since November 10, 2021, when the first takeover bid for control of Nutresa was launched, the share price has appreciated by 128.1%, going from $21,740 to $49,590, the price at which it closed the previous week.