According to what EL COLOMBIANO learned, for 15 business days, which will start from next February 8th and will go until the 28th of the same month, the second Public Acquisition Offer (OPA) will be open launched by the Gilinski Group, through its companies Nugil and JGDB Holdings, which seeks to gain share control of the Antioquia food holding company Grupo Nutresa and the financial company Grupo Sura, respectively.
Thus, as this newspaper learned, from that date, and in the following 14 business days, the shareholders of Nutresa and Sura must decide whether or not to sell their shares to Gilinski.
The term to receive the acceptances, that is, the period for shareholders interested in selling the shares to do so, will be on those dates, at the Colombian Stock Exchange (BVC), between 9 a.m. and 4 p.m. 1 p.m. The term of 15 business days might be extended without exceeding 30, that is, until the end of March of this year.
Interested parties may formulate their acceptances through any stockbroker company that is a member of the BVC within the acceptance period. The commission companies that will lead the reception of acceptances by the shareholders will be Servivalores GNB Sudameris and Casa de Bolsa.
A) Yes, with a guarantee of US$560 million for Nutresa’s second OPA, The Gilinskis are going for a greater participation in the Antioquia food holding company, aiming to reach a minimum of 18.3% and a maximum of 22.8% of the company’s outstanding shares. The offer per share is US$10.48 ($41,739 at today’s exchange rate), a figure higher than the US$7.71 offered in the first takeover bid.
And given that in the previous takeover bid the Gilinskis managed to win 27.6% of the shares, If the new takeover bid is successful, Gilinski might reach up to a 50.48% stake in this company of the Grupo Empresarial Antioqueño.
It should be noted that the purchase price for each common share of Nutresa will be US$10.48 payable in cash, and even in Colombian pesos at the TRM published and certified by the Financial Superintendence of Colombia in force on the award date.
On the Sura side, the guarantee to carry out this second takeover bid is for US$115.6 million and will be used by the Gilinski Group company, JGDB Holdings, to carry out this second offer.
This operation seeks to acquire between 5% and 6.25% of the shares, which would complete more than 30% participation (in the first takeover bid, the Gilinskis obtained 25.25% of the shares).
For this new OPA, it is offered to pay US$9.88 for each Sura share (an amount also greater than the US$8.01 offered in the first OPA), and the bet is to add the percentage obtained to what was achieved in the offer. which was in force between December 24, 2021 and January 11, 2022, which allowed Gilinski to keep 25.3% of the Antioquia financial holding company.
