The Financial Superintendence received a request to approve a Public Acquisition Offer (OPA) by Nutresa, the Paisa food conglomerate that had already been the subject of three OPAs by the Valle del Cauca banker Jaime Gillinski, who following these operations kept the 31 .59% of the holding.
According to the supervisory body, “the purchase price for each share of the issuer will be the sum of fifteen dollars of the United States of America (USD$15.00), payable in cash and in Colombian pesos (“COP”) or in dollars of the United States of America”.
“For those Recipients who choose to receive payment in Colombian pesos, for purposes of calculating the price per share in Pesos, the TRM (representative market rate) published and certified by the Financial Superintendence of Colombia in force on the award date will be used” , added the statement from the Superfinanciera.
At the close of this Tuesday, September 20, the Nutresa share closed at $36,980, that is, it had a fall of 0.05%. Thus, the suitor would be aiming to buy the titles at almost double their market value.
The takeover bid is formulated to acquire at least 114,438,968 ordinary shares, equivalent to 25% of the subscribed, paid and outstanding ordinary shares, and a maximum of 143,048,710 ordinary shares representing 31.25% of the shares. ordinary shares subscribed, paid and in circulation.
“This information is sent so that stock trading of the securities being offered is suspended, until the day following the publication of the offer notice.
