After the second takeover bids (takeover bids) were completed, in search of shareholder control of Grupo Nutresa and a majority shareholder of Grupo Sura, with which they achieved this Monday 30.8 percent of the first and 31.5 percent of the second the Gilinski Group once again surprised the market and decided to make a third takeover bid for these companies.
(Also read: The second season of the takeover bids launched by Gilinski for Sura and Nutresa ends)
Indeed, this Monday night the Financial Superintendence reported that it received a new request for authorization of a takeover bid by Grupo Nutresa, behind which are the Valle del Cauca investors, as it was known, with a purchase price of 12.58 dollars per share, payable in cash and in Colombian pesos or dollars.
“The public offer is formulated to acquire a minimum number of shares equivalent to 9.6 percent and a maximum number equivalent to 12%”indicates the communication of the Superfinanciera, which this Monday, again, ordered to suspend the trading of Nutresa securities, until the day following the publication of the offer notice.
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Compared to the price paid in the second bid, those who eventually decide to sell in this third offer will receive 20 percent more than those who decided to accept in the second bid, and 63.2 percent more than those who did so in the first bid.
Similarly, the new takeover bid by Grupo Sura, the financial parent company of Grupo Empresarial Antioqueño (GEA), aims to acquire titles paying 9.88 dollars for each one, and seeking to acquire a minimum of 5.2 percent and a maximum of 6.5 percent, additional to the consolidated percentages after the completion of the second takeover bid this Monday, February 28.
For the action of Grupo Sura also the suspension of its trading on the stock market was ordered.
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In this case, the purchase price offered for Grupo Sura’s third takeover bid is the same as that of the secondwhich indicates that those who have not agreed to sell would receive 23.3 percent more compared to those who did so in the first operation.
For the action of Grupo Sura, the suspension of its trading on the stock market was also ordered.
With this new takeover bid, the Gilinski Group once again insists on its goal of achieving a controlling majority in Grupo Nutresa and obtaining a greater percentage in Grupo Sura, actions with which it continues to challenge the Antioquia business conglomerate.