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Gilinski falls short in Nutresa bid

Gilinski falls short in Nutresa bid

May 18, 2022 | John Quigley
Group run by Jaime Gilinski abandons third public offering for the Colombian food processing company after few shareholders come forward

Equity M&A Capital Markets Colombia

Colombia's Grupo Gilinski has declared void its third public offering for local food processing company Grupo Nutresa after most shareholders opted not to part with any more of their shares, according to press reports. In the five weeks up the deadline on Monday, shareholder tendered just 3.3 million shares in Nutresa, equal to a 0.71% stake, leading Gilinski to abandon the offering, local business newspaper Portafolio reported. Gilinkski had sought to buy between 9.6% and 12% of Nutresa and had

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