This is how Gilinski’s moves go for the takeover of the Sura and Nutresa groups – Business – Economy

A few hours after the end of the public offer for the acquisition of shares (opa) that the Gilinski family, together with its Arab partner, the investment fund Royal Group de Abu Dhabi, launched last year by Grupo Nutresa, investors have already secured 16.47 percent of the total outstanding shares of this conglomerate of food processing companies of the Antioqueño Business Group (GEA).

(Read also: Gilinski secures at least two chairs on the Sura board)

As recalled, at the beginning of November 2021, these investors announced their intention to buy between 50.1 and 62.62 percent of Grupo Nutresa, for which they are willing to pay about 9 billion pesos, at a rate of 7.71 dollars per share.

As reported this Tuesday by the Colombian Stock Exchange (BVC), Some 2,383 shareholders have already expressed their interest in selling more than 75.4 million Grupo Nutresa shares held by them, which represent 26.3 percent of the maximum to be acquired.

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This Tuesday alone, 405 shareholders joined the nearly 2,000 partners who in recent days had made that decision to sell.

With 16.47 percent achieved to date, the Gilinskis and their Arab partner are already the second largest shareholders of Grupo Nutresa, only behind Sura Group, which has 35.2 percent of the shares.

Argos Group has 9.8 percent, the AFP Protection it has 5.2 percent; other AFPs, 11.8 percent; while other minorities control about 38 percent.

Shareholders interested in selling their shares in Grupo Nutresa will have until 1:00 pm this Wednesday to express their decision.

Grandpa de Sura

As it is recalled, this Tuesday the takeover by Grupo Sura ended, which began on December 24 of last year. Through this, JGDB Holding S. A. S., controlled by the Gilinski family, it became the second largest shareholder of Grupo de Inversiones Suramericana (Grupo Sura), by gaining control of 25.42 percent of the outstanding shares of what is considered one of the most important financial pillars of the called Grupo Empresarial Antioqueño (GEA).

That percentage, which exceeded the minimum sought (25.34 percent) with the public offer for the acquisition of shares (opa) launched by investors from Valle del Cauca at the end of last year, also ensures them, at least, two seats on the board of directors. of Grupo Sura.

The Gilinski family was very close to achieving the proposed maximum of 31.68 percent, since at the closing of the takeover they obtained 80.23 percent of that goal. About 4,000 shareholders told them that they did sell to them.

TIME

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