BOGOTA () – Colombia’s Grupo Gilinski will become the second largest shareholder in SURA and Nutresa after Grupo Gilinski acquired 25.42% and 27.69% of the shares, respectively, the Colombian Stock Exchange said in two separate statements on Wednesday.
Grupo SURA investment company and Nutresa, Colombia’s largest processed food producer, includes more than 100 companies, including the Grupo Argos industrial conglomerate, the energy generator Celsia and the Colombian Grupo Empresarial Antioqueno (GEA) conglomerate, which controls the Bank of Bancolombia.
Many of the companies that make up the GEA have large stakes in each other.
Grupo Gilinski initially sought to acquire 25.344% to 31.68% of Grupo SURA shares through JGDB Holding SAS and with the financial support of First Bank of Abu Dhabi.
Grupo Gilinski pulled 118.9 million shares out of a total of 467.9 million available shares in a buy that closed more on Tuesday, offering $ 8.01 per share for Grupo SURA.
Following the acquisition of the shares, Grupo Gilinski will become the second largest shareholder after Grupo Argos, which controls 27.6% of Grupo SURA.
Banker Jaime Gilinski, with the support of the Royal Group in Abu Dhabi, has launched a public offering to buy a 62.625% stake in Nutresa, Colombia’s largest processed food producer. about $ 2.22 billion.
Grupo Gilinski offered $ 7.71 for the Nutresa campaign.
The offer to buy Nutresa shares closed on Wednesday, with Grupo Gilinski securing 126.8 million of the company’s nearly 458 million shares, a deal that could be worth $ 977.71 million, according to the Colombian Stock Exchange.
Only Grupo SURA, which has a 35.25% stake in the food processor, has more Nutresa shares.
Acceptances must be approved and certified by the Colombian Stock Exchange.
Neither Grupo Gilinski, nor Grupo SURA, nor Nutresa were ready to comment.
Luis Jaime Acosta’s Bogota Report Written by Oliver Griffin, Edited by Matthew Lewis and Grant McCullough