The publication of the notices and booklet of the new takeover bids launched by the Gilinski Group is expected.
While the Sura and Nutresa groups reported the changes in their shareholding composition with the arrival of JGDB Holdings and Nugil, the stock market expects to know the notices and booklets of the new Public Acquisition Offers (OPA) with which these Jaime Gilinski companies seek expand their participation.
In Sura, the portion reached by JGDB Holdings in the first takeover bid was 25.3%, and its objective is to buy a minimum number of shares of 5% or a maximum of 6.25%, to obtain a participation between 30, 3% or 31.55% of the Antioquia financial holding company.
With the new offer, Gilinski would pay US$9.88 per share, that is, the price rose US$1.87 compared to the US$8.01 paid in the first OPA. With the purchase of this new package, which ranges between 23,395,483 shares and 29,244,354 shares, Gilinski would disburse between US$231.14 million (regarding $916,337 million) and US$288.93 million ($1.14 billion).
In his turn, Nugil acquired 27.7% of Nutresa’s shares, and with the second takeover bid he seeks an additional 18.3% and 22.88%, which would allow him to become the main shareholder of the company. holding food.
For this second offer, Gilinski also raised the price to US$10.48, that is, US$2.77 more than the US$7.71 he paid in the first offer. The disbursement for these new participations, between 83,813,260 shares and 104,789,475 shares, would represent between US$878.36 million and US$1,098.19 million ($3.48 billion and $4.35 billion, approximately).
no negotiation
With the announcements of the second OPA, the negotiations with the shares of Sura and Nutresa are suspended in the Colombian Stock Exchange (BVC), until the notices and booklets are known, in which the acceptance periods and the purposes of the bidders with these operations.
The last price of the species of Sura in the stock market was $27,250, while that of Nutresa stood at the record price of $33,600.
Stock market analysts consider that following learning of the OPA announcements, the resumption of operations on the stock market with the shares might see an upward momentum.
claim
Through a right of petition addressed to the Financial Superintendence, Asofunds and the Protection pension and severance fund, lawyer Fernando Rodas asked for clarity when questioning the transparency of the operations raised by Gilinski.
“The second request for authorization of the OPA is in violation of the law, morality and good customs in the financial world and the securities markets, since it can lead to a fraud to the acceptors of the first OPA, among them the Pension Fund Administrators, and the other non-professional minority shareholders”, argued the lawyer Rodas