.
MergerLinks Header Logo

Announced

Grupo Gilinski to acquire a 25.34% stake in Grupo SURA and a 27.69% stake in Grupo Nutresa for $1.9bn.

Financials

Edit Data
Transaction Value£1,412m
Consideration TypeCash
Capital Owned-
Capital Bid For53%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Colombia

Friendly

Minority

Acquisition

Pending

Domestic

Single Bidder

Investment Banking

investment management

Public

Food Products

food processing

Synopsis

Edit

Grupo Gilinski, a financial conglomerate, offered to acquire a 25.34% stake in Grupo SURA, an Investment management corporation, for $952m. Grupo Gilinski might acquire up to 31.68% share for $1.19bn. On January 6, 2021, Grupo Argos, a Colombian industrial conglomerate, stated that it will not take part in an offer from Grupo Gilinski, as the proposal undervalues the company. On January 13, 2022, Colombia's Grupo Gilinski to become 2nd-largest shareholder in Grupo SURA and Nutresa after securing 25.42% and 27.69% for $952.5m and $977.71m respectively.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US