Gilinski acquires another 3% of SURA in third public offer
BOGOTA (Reuters) – Colombian enterprise magnate Jaime Gilinski acquired a further 3% of shares of funding holding firm Grupo SURA in a 3rd public acquisition provide, the inventory change and analysts mentioned on Monday, giving him one other seat on its board.
Gilinski, one in every of Colombia’s richest males, has already change into the corporate’s largest shareholder amid a collection of gives which have shaken up the nation’s largest conglomerate, Grupo Empresarial Antioqueno (GEA), of which SURA, together with industrial conglomerate Grupo Argos and meals producer Nutresa are members.
Gilinski has requested Grupo SURA president Gonzalo Restrepo to carry a rare assembly of shareholders earlier than Might 6 to vote in a brand new board, in accordance with a letter seen by Reuters.
“In a respectful method I request that the session be referred to as as rapidly as attainable, and that in no case it’s later than Might 6, 2022,” the letter mentioned.
Each Gilinski and SURA declined to remark.
Within the third provide Gilinski acquired 13,966,097 SURA shares at a worth of $9.88 per share. Based on Reuters calculations he may have spent $138 million on this provide, along with $1.24 billion within the two prior.
Although the share was decrease than the 5.2% to six.5% he had initially sought, it raises his SURA stake to 34.58%, above that of second shareholder Grupo Argos, which has 27.79%.
The consequence will give him one other seat on the board, the place he already controls three, a number of analysts instructed Reuters.
“He is in an excellent place, with an excellent participation within the firm and certainly with Nutresa we’ll see the identical,” mentioned analyst Laura Triana at Acciones y Valores brokerage, referring to an ongoing third provide for Nutresa shares by Gilinski.
Gilinski is looking for between 9,6% and 12% of Nutresa at $12.58 a share.
GEA corporations have declined to take part within the public gives, saying the values supplied by Gilinski are too low.
(Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb)
