On the followingnoon of this Thursday, Grupo Argos reported the decision that its board of directors adopted regarding the Public Acquisition Offer (OPA) of the Arab conglomerate IHC for up to 31.25% of the shares of Nutresa.
In a statement, the infrastructure holding company Paisa revealed that it will not participate in the takeover bid, and, therefore, he will not sell his shares in the food company.
“Taking into account the technical and strategic analyzes presented by JP Morgan, and the legal analyzes on the offer presented by external legal advisors, among other considerations, the board of directors of Grupo Argos decided not to participate in the takeover bid for Grupo Nutresa,” it reads. .
Can read: Gilinski’s file should have declared a conflict of interest
So things, Grupo Argos continues to maintain its 9.95% stake in Nutresa, despite the four offers that have been launched for shares of this company in the last year.
“Grupo Argos reiterates its commitment to its shareholders so that they are the ones who perceive the fundamental value of the company and its investment portfolio,” it stated in the document.
This is how the OPA works
The expectation is focused on how the Arab takeover bid for Nutresa will end, whose acceptance period runs until tomorrow.
Today, precisely, it became known that IHC is not interested in extending the period for shareholders to express their willingness to sell.
You might be interested in: Justice admits popular action once morest representatives of Gilinski in the board of directors of Sura
So things, This Friday it will be known how the Arab group fared in its attempt to keep almost a third of Nutresa.
Until today, 962 acceptances to the OPA have been received, corresponding to 9,940,186 shares. In other words, of the total titles of the food multilatina, the Emirati conglomerate has only reached 2.17%, still very far from its goal.
