Financial Superintendency Approves Takeover Bid: Gilinski Group to Gain Control of Nutresa

2024-03-07 23:38:15

The Financial Superintendency approved the request for a takeover bid that will allow the business agreement reached by the Gilinski Group with the Antioqueño Business Group (GEA) to be finalized. In this way, Gilinski will acquire, together with his Arab partners from IHC, the remaining 23.1% of the shares of Nutresa, where he will exercise absolute control.

Likewise, Sura and Argos must comply with the agreement to transfer 10.1% of the shares they had in the food conglomerate to Gilinski. In exchange for this, Gilinski will deliver the shares he had in Sura. This means that Nutresa will cease to be a shareholder in Sura and Argos.

The takeover bid authorized by the Financial Superintendency will allow Nutresa shares to be acquired at a value of 12 dollars per share.

As of February 8, Jaime Gilinski Bacal and Gabriel Gilinski Kardonski presented their resignation from the board of directors of Sura, of which they were part as owners of part of the shares.

This was reported by Grupo Sura through the Financial Superintendency, following completing the first part of the transaction, through which there was an exchange of the property that the Gilinskis had there, to take control of Grupo Nutresa. , a company that has a direct presence in 18 countries and manages 47 production plants.

After the share transfer, the Gilinski Group (represented in the firms JGDB and Nugil) and IHC were left with 76.9% of the shares of Nutresa and to complete the missing shares of the food company, together with Grupo Argos and Grupo Sura will launch a Public Acquisition Offer (OPA) for the remaining 23.1%.

*Gabriel Gilinski is a shareholder of Publicaciones SEMANA.

1709866942
#Financial #Superintendency #takeover #bid #Gilinski #Group #acquire #remaining #Nutresa #share

Leave a Replay