At the end of the third takeover bid (OPA) of Grupo Suramericana, the group of industrialist and banker Jaime Gilinski kept 34.57% of the financial holding of Grupo Empresarial Antioqueño (GEA).
(Third Opa of Nutresa seeks to raise the figures).
In this way, and although the Colombian Stock Exchange (BVC) is yet to confirm the figures, Gilinski increased his participation by 2.99% after the closing of the second takeover bid, when he consolidated 31.5% of shares.
Sources said that in this way, since only 91% voted for the board in the last shareholders’ meeting, that could see Gilinski land a third board member.
(Grupo Argos will not participate in the takeover bid for Sura and Nutresa).
Another calculation says that 34.57%, over 91% of those who vote, gives 38% participation, which would allow having two patrimonial members of the board and one independent by coefficient. In any case, this situation would be confirmed in an assembly, with the necessary votes for it to be consolidated.
On the final day of Grupo Sura’s third takeover bid, 682 acceptances were received for the offer, which added to the accumulated until last Friday, led to 1,563 saying yes to the Gilinski takeover bid.
(Gilinski presses for a new Sura assembly).
Only yesterday the number of shares put up for consideration in the takeover bid far exceeded what had been accumulated. The 692 shareholders put 7,529,327 papers on the table and the total figure reached 13,966,097 species.
However, of the maximum percentage to buy, Gilinski reached 46.04% and based on the 466,720,702 outstanding shares of Grupo Sura, that represented 2.99%.
The Gilinski Group had set itself the goal of increasing a minimum of 5.2% and a maximum of 6.5% of the shares, maintaining the offer of US$9.88 from the second takeover bid, but higher than that of the first, which was $8.01 per paper.
In accordance with the conditions established before the beginning of the third takeover bid before the BVC, the Gilinskis could modify the maximum number of shares to receive in the operation by Nutresa, while in the operation by Grupo Sura the maximum limits established would not change.
Thus, with the operations and the two OPAs concluded to date, Gilinski has disbursed close to $4.8 billion in Grupo Sura.
Grupo Nutresa is another of the companies that is part of the Grupo Empresarial Antioqueño (GEA).
NUTRESA, LOW ACCEPTANCE
Until yesterday, Nutresa has counted 195 acceptances, equivalent to 373,613 shares and 0.68% of the maximum to be purchased. After the two takeover bids carried out to date, the Gilinski Group holds close to 30.8% of Nutresa’s shares.
It should be remembered that on November 10, the Gilinski Group called the first takeover bid with Nutresa, a food processing conglomerate in which it initially sought between 50.1% and 62.4% of the shares.
The acceptance period for the third offer by this company will run until May 16.
Gilinski has already achieved two seats on each of the boards of directors of these companies and seeks to buy between 9.6% and 12% in Nutresa, offering to pay US$12.58 for each share, a price higher than that of previous takeover bids in which paid US$7.71 and US$10.48.
In Nutresa he has 30.8% of the shares.
BRIEFCASE
