Colombian billionaire Jaime Gilinski scrapped his push to buy a stake in Grupo Argos S.A. (BVC:GRUPOARGOS) as he focuses on other ways to take control of the country's most influential business group. The banker's effort to buy at least 26% of the cement and infrastructure conglomerate fell short when the stock exchange said July 06, 2022 that shareholders tendered just 11% of the total. Gilinski won't buy the shares that were offered and doesn't plan to make a new bid for now, according to a person familiar with the decision who asked not to be identified discussing the plan.