This Tuesday, Bloomberg Line, a medium specialized in economics and finance, revealed that Jaime Gilinski bought more shares in the market and now has 38% of the shares of Grupo Sura. It should be remembered that Gilinski, in the takeover bids, had obtained 34.58% of the share package of the financial conglomerate.
With the new percentage, the maximum shareholder of Grupo Sura guarantees three of the seven board members. The highest body of the Sura Group is made up of four equity members and three independent members. Gilinski would have the right to appoint two of the four equity members and one of the three independent members.
This is a strategic move, marked by prudence, and that, according to market analysts, reflects the true chess that is played for power in the GEA. This is one more bet in a sophisticated and structured plan that has been planned for years by Gilinski and that has been in full execution for seven months.
It was announced to the market a few weeks ago that the Sura Group share would be removed from the MSCI index and in that rebalancing that was scheduled for May 31, as reported Bloomberg Line, Gilinski acquired the new share package. This Tuesday, 14,258,374 shares were traded for an amount of $633.489 million pesos. In the bid for that board position, the Grupo Sura share closed at 44,550 pesos, that is, it rose 10% during the trading day.
Gilinski would be 12% behind the Sura Group to definitively break the GEA castling.
Likewise, today it was learned that Nugil SAS, controlled by Jaime Gilinski, raised the price of its offer for Grupo Argos to US$4.28 per share, in the takeover bid currently being authorized by the Financial Superintendent
Meanwhile, the Grupo Nutresa share fell 8.84% today, to 37,000 pesos per species, and accumulates losses of 28% compared to the price offered by Nugil SAS in the OPA, in which it decided not to raise the minimums established in the booklet of offer.
*Gabriel Gilinski is a shareholder of SEMANA Publications.