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Announced

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

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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