Announced
Financials
Sources
Tags
Colombia
Friendly
Minority
Acquisition
Pending
Domestic
Single Bidder
Investment Banking
investment management
Public
Food Products
food processing
Synopsis
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.
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